Showing 11 - 20 of 183,798
Although stock options are commonly observed in chief executive o±cer (CEO) compensation contracts, there is theoretical controversy about whether stock options are part of the optimal contract. Using a sample of Fortune 500 companies, we solve an agency model calibrated to the company-specific...
Persistent link: https://www.econbiz.de/10003782064
Persistent link: https://www.econbiz.de/10002108646
Persistent link: https://www.econbiz.de/10003410023
Persistent link: https://www.econbiz.de/10003908293
Persistent link: https://www.econbiz.de/10008809460
Persistent link: https://www.econbiz.de/10003699117
Persistent link: https://www.econbiz.de/10003665285
Persistent link: https://www.econbiz.de/10003380230
Persistent link: https://www.econbiz.de/10003545913
A principal uses security bid auctions to award an incentive contract to one among several agents, in the presence of hidden action and hidden information. Securities range from cash to equity and call options. 'Steeper' securities are better surplus extractors that narrow the gap between the...
Persistent link: https://www.econbiz.de/10009571056