The use of cash flows metrics in CEO compensation and the design of loan contracts
Year of publication: |
2024
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Authors: | Gong, Guojin ; Jiang, Xin Daniel ; Xie, Biqin |
Published in: |
Contemporary accounting research : the journal of the Canadian Academic Accounting Association. - Malden, MA : Wiley Periodicals, Inc, ISSN 1911-3846, ZDB-ID 2068682-1. - Vol. 41.2024, 4, p. 2384-2416
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Subject: | agency cost of debt | cash-flow-based covenant | cash-flow-based performance evaluation | executive compensation | loan contract design | loan spread | Prinzipal-Agent-Theorie | Agency theory | Führungskräfte | Managers | Vertrag | Contract | Cash Flow | Cash flow | Kredit | Credit | Kapitalkosten | Cost of capital | Managervergütung | Executive compensation | Vertragstheorie | Contract theory | Fremdkapital | Debt financing | Kreditgeschäft | Bank lending | Vergütungssystem | Compensation system |
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