We provide evidence that CEO equity incentives, especially stock options, influence stock liquidity risk via …

-performance sensitivity). Our findings are consistent with theoretical predictions that outside owners approve of equity incentives as a means … of aligning managers' interests with those of shareholders. We also document that future changes to equity …-based incentives are related to voting outcomes and that shareholders incorporate CFO incentives into their votes. Collectively, these …

incentives, the level and structure of executive compensation, and firm performance. We operationalize the board's discretion in …. However, it also creates a hold-up problem that undermines CEOs' investment incentives and firm profit. Conversely, the …

) plans. Plans including accounting-based performance metrics and/or cash payouts have weaker risk-related incentives. The …

We examine the relation between CEO risk taking equity incentives, as captured by CEO vega, and workplace misconduct … misconduct. These results suggest that CEO risk taking equity incentives strategically affect operational decision making …

granted in recent years suggests that optimizing incentives is not the sole consideration of issuing firms. Third, the extent …

, generally implicit assumption that managers cannot undo their incentive packages, (ii) the standard modeling practice of … motives in managers' portfolio choices. …

risk taking. One of the objectives is the motivation of further research on the topic. Risk-averse managers hold less … mitigating overall risk-taking incentives. The net effect of options on risk-taking behavior is, therefore, ambiguous and calls …