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Capital allocation and delegation of decision-making authority within firms

Graham, John R.; Harvey, Campbell R.; Puri, Manju - 2011

Persistent link: https://www.econbiz.de/10009308370

Stock-based compensation and CEO (dis)incentives

Benmelech, Efraim; Kandel, Eugene; Veronesi, Pietro - In: The quarterly journal of economics 125 (2010) 4, pp. 1769-1820

Persistent link: https://www.econbiz.de/10009309118

Stock-based compensation and CEO (dis)incentives

Benmelech, Effi; Kandel, Eugene; Veronesi, Pietro - 2007

Persistent link: https://www.econbiz.de/10003574307

Stock-based compensation and CEO (dis)incentives

Benmelech, Efraim; Kandel, Eugene; Veronesi, Pietro - 2008

"Stock-based compensation is the standard solution to agency problems between shareholders and managers. In a dynamic … managers to work harder, it also induces them to hide any worsening of the firm's investment opportunities by following largely …-valued while managers hide the bad news to shareholders. We find that a firm-specific compensation package based on both stock and …

Persistent link: https://www.econbiz.de/10003627552

Stock-Based Compensation and CEO (Dis)Incentives

Benmelech, Efraim - 2008

Stock-based compensation is the standard solution to agency problems between shareholders and managers. In a dynamic … managers to work harder, it also induces them to hide any worsening of the firm's investment opportunities by following largely …-valued while managers hide the bad news to shareholders. We find that a firm-specific compensation package based on both stock and …

Persistent link: https://www.econbiz.de/10012464915

Capital Allocation and Delegation of Decision-Making Authority within Firms

Graham, John R. - 2011

We survey more than 1,000 CEOs and CFOs to understand how capital is allocated, and decision-making authority is delegated, within firms. We find that CEOs are least likely to share or delegate decision-making authority in mergers and acquisitions, relative to delegation of capital structure,...

Persistent link: https://www.econbiz.de/10012461288

Capital allocation and delegation of decision-making authority within firms

Graham, John R.; Harvey, Campbell R.; Puri, Manju - In: Journal of financial economics 115 (2015) 3, pp. 449-470

Persistent link: https://www.econbiz.de/10011347457

Capital Allocation and Delegation of Decision-Making Authority within Firms

Graham, John R. - 2011

Persistent link: https://www.econbiz.de/10013120989

Capital Allocation and Delegation of Decision-Making Authority within Firms

Graham, John R. - 2014

We use a unique dataset of more than 1,000 Chief Executive Officers (CEOs) and Chief Financial Officers around the world to investigate the degree to which executives delegate financial decisions and the circumstances that drive variation in delegation. Delegation does not appear to be...

Persistent link: https://www.econbiz.de/10013070199

Financially constrained stock returns

Livdan, Dmitry; Sapriza, Horacio; Zhang, Lu - In: The journal of finance : the journal of the American … 64 (2009) 4, pp. 1827-1862

Persistent link: https://www.econbiz.de/10003874459