set ex ante explicit severance pay agreements as one component in managing the optimal level of equity incentives. Younger … post payouts to managers are largely determined by the ex ante contract terms …

The traditional view on CEO pay suggests that the use of equity-based incentives (e.g., stocks and options) should … relative sense, when comparing with CEOs' non-equity-based incentives (e.g., bonus). We confirm our model's prediction to show … that the use of equity-based incentives actually falls when institutional traders impound more information in stock prices …

obtain high-powered incentives and, hence, a high personal income at the merger-management stage. …

who face greater supply constraints. Consistent with these supply constraints muting directors' reputational incentives … reputational incentives …

Ordinary least squares (OLS) estimates are frequently used to measure the effects of managerial incentives on corporate …

approximately 4.22% enhancement in acquisition investments, consistent with the theory that risk-taking incentives induce CEOs to …This paper examines the effect of risk-taking incentives on acquisition investments. We find that CEOs with risk …-taking incentives are more likely to invest in acquisitions. Economically, an inter-quartile range increase in vega translates into an …

between business strategy and managerial incentives affects the organization of business activities. We illustrate the impact …

This paper studies how managerial incentives determine strategic transfer of information from managers to investors. We …