incentives to keep executives incentivized after the loss of valuable outside employment options. Consistent with this argument … (pay gap) tournament incentives, hence provide novel evidence on a new executive pay gap determinant …

provide managers with incentives to misreport when they make managers less averse to equity risk … that the incentives provided by vega subsume those of delta. Collectively, our results suggest that equity portfolios …

management compensation incentives influence any valuation effects. Our evidence shows that bidders are overvalued relative to …-term underperformance, and (vii) reward their top managers of with large compensation increases subsequent to mergers …

' incentives to misreport, is overbroad. The economy and investors would be better served by a more narrowly targeted “smart …

In the wake of the global financial crisis, attention has often focused on whether incentives generated by bank … focus bank managers' attention on the long-run and discourage them from investing in high-risk, value-destroying projects …. Equity based incentive programs such as our proposal may lose effectiveness in motivating managers to enhance shareholder …

effect on the quality of new inventions. Further analysis reveals that the positive association between managerial incentives … between managerial incentives and patent quality only holds among firms with high ownership concentration and SOEs. The … entirety of these results suggests that managerial incentives are a net-negative for the innovative output of firms with high …