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Managerial Incentives to Increase Risk Provided by Debt, Stock, and Options

Anderson, Joshua D. - 2017

. Vega does not capture risk-taking incentives from managers' stock and debt holdings and does not reflect the fact that … measure explains risk choices better than vega and the relative measures, and should be useful for future research on managers …

Persistent link: https://www.econbiz.de/10012975114

Relative Wealth Concerns, Executive Compensation, and Risk Taking

Liu, Qi - 2017

We present a general-equilibrium theory of contracting in which managers are concerned about their social standing in a …

Persistent link: https://www.econbiz.de/10012975405

Operational Uncertainty and Managerial Incentives in Information Production

Lin, Chen - 2016

This paper examines how operational uncertainty affects managerial incentives in information production using the staggered recognition of Inevitable Disclosure Doctrine (IDD) by state courts as a quasi-natural experiment. The adoption of IDD improves the protection of trade secrets by...

Persistent link: https://www.econbiz.de/10012980105

Managerial Incentives from Option Compensation and Risky Guarantees

Sender, Samuel J. - 2016

2008 financial crisis. Strong and weak banks also stand apart: managers from weak banks took more risk than their peers in …

Persistent link: https://www.econbiz.de/10013002983

Uncertainty, Investment, and Managerial Incentives

Glover, Brent - 2016

This study provides evidence that managerial incentives, shaped by compensation contracts, help to explain the empirical relationship between uncertainty and investment. We develop a model in which the manager, compensated with an equity-based contract, makes investment decisions for a firm that...

Persistent link: https://www.econbiz.de/10013006231

Managerial Risk Incentives and Strategic Risk-Taking in IT

Xue, Ling - 2020

This study examines how the risk-taking motives of top managers drives risk-taking in IT implementations. We use the … risk incentives provided in managerial compensation to capture top managers' risk-taking motives, and develop measures of … in their primary business areas. The implication is that diversification provides risk-seeking managers more …

Persistent link: https://www.econbiz.de/10012856955

Executive Compensation Trends : Amounts and Incentive Design

Reda, James - 2021

This article looks at the individual elements of compensation packages as well as design features of short-term and long-term incentive plans (STIPs and LTIPs) among CEOs and senior executives of Russell 3000 companies. Data is from companies that filed proxy statements between July 1, 2019, and...

Persistent link: https://www.econbiz.de/10013233372

Corporate Risk : CEO Overconfidence and Incentive Compensation

Aabo, Tom; Hvistendahl, Nicholai Theodor; Kring, Jacob - 2021

Purpose – The purpose of this study is to investigate the association between corporate risk and the interaction between CEO incentive compensation and CEO overconfidence.Design/methodology/approach – This empirical study performs random and fixed effects regression analysis. It uses...

Persistent link: https://www.econbiz.de/10013251577

Outside opportunities, managerial risk taking, and CEO compensation

Chen, Wen; Jung, Sumi; Peng, Xiaoxia; Zhang, Ivy Xiying - In: The accounting review : a publication of the American … 97 (2022) 2, pp. 135-160

Persistent link: https://www.econbiz.de/10013198708

External fairness of executive compensation, institutional investor and M&A premium

Pan, Ailing; Wu, Qian; Li, Jingwei - In: Nankai business review international 13 (2022) 1, pp. 79-99

Persistent link: https://www.econbiz.de/10012880411