Optimal Compensation Contracts with Pay-For-Performance and Termination Incentives

This paper studies optimal compensation contracts in the presence of both pay-for-performance and termination incentives. While these incentives have been studied independently, this paper’s model is the first to incorporate both. The primary result is

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Year of publication:	1999-12
Authors:	Hallman, Greg ; Hartzell, Jay C.
Institutions:	Finance Department, Stern School of Business

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Extent:	application/pdf
Series:	New York University, Leonard N. Stern School Finance Department Working Paper Seires.
Type of publication:	Book / Working Paper
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005626178