Comparable valuation is one of the most widespread valuation techniques in practice. In order to compute a representative comparable for a peer group, three decisions need to be made. A value indicator, a time horizon for the value, and a compression method to aggregate all comparables of a peer...

This study investigates if and how the influence of compensation interdependence on excessive risk-taking depends on mutual monitoring of risky investment decisions. As each unit of excessive risk that is taken represents risk-taking beyond the expected value-optimizing level, individuals have a...