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explanation is that managers require to be compensated for the additional risk inherent in running an aggressive tax strategy. In …
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interest in increasing incentive-based compensation to avoid management's excessive risk taking and short-run oriented …
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This paper provides a brief review of the state of knowledge in the field of agency theory. The managerial power approach assumes that a chief executive officer is able to affect the scale of his or her pay. However, Kaplan (2012) and others see a different picture of the corporate-governance...
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