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Relative Wealth Concerns, Executive Compensation, and Risk Taking

Liu, Qi - 2017

We present a general-equilibrium theory of contracting in which managers are concerned about their social standing in a …

Persistent link: https://www.econbiz.de/10012975405

Operational Uncertainty and Managerial Incentives in Information Production

Lin, Chen - 2016

This paper examines how operational uncertainty affects managerial incentives in information production using the staggered recognition of Inevitable Disclosure Doctrine (IDD) by state courts as a quasi-natural experiment. The adoption of IDD improves the protection of trade secrets by...

Persistent link: https://www.econbiz.de/10012980105

Do External Labor Market Incentives Motivate CEOs to Adopt More Aggressive Corporate Tax Reporting Preferences?

Kubick, Thomas R. - 2016

Building on recent theory, we find strong and robust evidence that external labor market incentives motivate CEOs to … find that the tax aggressiveness-labor market incentives relation varies in the cross-section consistently with theory. We …

Persistent link: https://www.econbiz.de/10013002716

Incentive Compensation and Complex Outsourcing

Abdel Zaher, Angie M. - 2016

. The agency theory suggests, firstly that managers are constantly faced with allocation of efforts and choices and within …

Persistent link: https://www.econbiz.de/10013002726

Managerial Incentives from Option Compensation and Risky Guarantees

Sender, Samuel J. - 2016

2008 financial crisis. Strong and weak banks also stand apart: managers from weak banks took more risk than their peers in …

Persistent link: https://www.econbiz.de/10013002983

Why Do Financial Analysts Strive to Be Irrelevant? Career Concerns and Endogenous Coverage Termination

Navone, Marco A. - 2016

In this paper we investigate the negative relationship between analysts' coverage and stocks idiosyncratic volatility. While prior research argues that analysts cause the low level of idiosyncratic risk because they lack access to firm-specific information we hypothesize that the causal relation...

Persistent link: https://www.econbiz.de/10013004785

Uncertainty, Investment, and Managerial Incentives

Glover, Brent - 2016

This study provides evidence that managerial incentives, shaped by compensation contracts, help to explain the empirical relationship between uncertainty and investment. We develop a model in which the manager, compensated with an equity-based contract, makes investment decisions for a firm that...

Persistent link: https://www.econbiz.de/10013006231

Self-Sorting, Incentive Compensation and Human-Capital Assets

Abdel-Khalik, A. Rashad - 2016

Skilled labour has gained significance as a production factor in the age of information technology, but accounting does not recognize human capital as an asset that contributes to the firm's earning power. This paper suggests a method to develop a latent index to proxy the managerial-skill...

Persistent link: https://www.econbiz.de/10013006447

Asymmetry of CEO Compensation and the Role of Relative and Macroeconomic Shocks in Risk Taking Incentives

Chiu, Hsin-Hui - 2015

If managers are risk-averse and compensation schemes are not directly linked to shareholder wealth, incentives to … then show how serial correlation in shocks, the relative variance of shocks and the ability of managers to influence the … asymmetric incentives in these two variables. Thus, if managers are risk-averse, their incentives to reduce the impact of …

Persistent link: https://www.econbiz.de/10013014268

Information, Insider Trading, Executive Reload Stock Options, Incentives, and Regulation

Colwell, David B. - 2020

We introduce a theoretical model of executives with insider information who receive executive stock options (ESOs) as incentives and optimize their “outside wealth” portfolios. We show that insider information nullifies ESO incentivizing, misaligning executives' and shareholders' interests....

Persistent link: https://www.econbiz.de/10012850239