Showing 71 - 80 of 54,026
regulation on earnings management arising from CEOs' equity incentives. We find that bank managers with high equity incentives …
Persistent link: https://www.econbiz.de/10014211466
Persistent link: https://www.econbiz.de/10010469748
delivers two predictions. First, managers have an incentive to reduce the correlation between inside debt and company stock in … bad times. Second, managers that reduce such a correlation take on more risk in bad times. Using a sample of U.S. public …
Persistent link: https://www.econbiz.de/10011572771
Persistent link: https://www.econbiz.de/10003821595
Persistent link: https://www.econbiz.de/10003974284
Persistent link: https://www.econbiz.de/10003746297
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
Persistent link: https://www.econbiz.de/10012244925