Haynes, Michelle; Thompson, Steve; Wright, Mike - In: Journal of Business Finance & Accounting 34 (2007-06) 5-6, pp. 792-818
<heading id="h1" level="4" format="inline" implicit="no">Abstract: </heading>This study examines the impact of voluntary divestment on executive remuneration, using an unbalanced panel of 107 UK quoted companies over the period 1988 to 1993. It employs a dynamic compensation equation, with a vector of controls and alternative specifications of the divestment...