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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

Boomerang Effect of Incentive and High Remuneration on Independence of Board Members

Radovic, Vuk - 2011

In this article, the author deals with two issues related to the setting of adequate remuneration of independent members of board of directors. The first concerns the justifiability of negotiating variable remuneration, while the other deals with the issue of providing high pay. In both cases,...

Persistent link: https://www.econbiz.de/10013133325

Board of Director Collusion, Managerial Incentives and Firm Values

Andergassen, Rainer - 2011

governance policies, such as managerial pay, and curbing competition. We study a model where managers can exert unobservable cost …

Persistent link: https://www.econbiz.de/10013119061

Competition and Managerial Incentives : Board Independence, Information, and Predation

Kanatas, George - 2011

We show that the choice of an independent board serves as a commitment by management that it will abstain from ex post decisions that are not in shareholder interests. However, an independent board, relying on product market information to make or approve strategic decisions, also makes the firm...

Persistent link: https://www.econbiz.de/10013120082

Competition for Managers, Corporate Governance and Incentive Compensation

Acharya, Viral V. - 2011

incentivizes managers to perform better and thus saves on the cost of providing pay for performance. However, when managerial … talent is scarce, firms compete to attract better managers. This reduces an individual firm's incentives to invest in … by other firms' governance. In equilibrium, better managers end up at firms with weaker governance, and conversely …

Persistent link: https://www.econbiz.de/10013128452

Managerial incentives, fraud, and monitoring

Robison, H. David; Santore, Rudy - In: The financial review : the official publication of the … 46 (2011) 2, pp. 281-311

Persistent link: https://www.econbiz.de/10009125083

Stock options and managerial incentives for risk taking : evidence from FAS 123R

Hayes, Rachel M.; Lemmon, Michael L.; Qiu, Mingming - In: Journal of financial economics 105 (2012) 1, pp. 174-190

Persistent link: https://www.econbiz.de/10009622427

Leverage, executive incentives and corporate governance

Agha, Mahmoud - In: Accounting and finance : journal of the Accounting … 53 (2013) 1, pp. 1-30

Persistent link: https://www.econbiz.de/10009727788

Stock option vesting conditions, CEO turnover, and myopic investment

Laux, Volker - In: Journal of financial economics 106 (2012) 3, pp. 513-526

Persistent link: https://www.econbiz.de/10009710166

Separation of ownership and control : delegation as a commitment device

Boukouras, Aristotelis - 2011

This paper provides a theoretical model for explaining the separation of ownership and control in firms. An entrepreneur hires a worker, whose effort is necessary for running a project. The worker's effort determines the probability that the project will be completed on time, but the worker...

Persistent link: https://www.econbiz.de/10010348626