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Persistent link: https://www.econbiz.de/10010488126
Prior research documents a negative link between risk and executive holding of stock (generally positive link is observed for options). We find a similar negative relation for non-executive holding of stock. Our finding is consistent with the view that non-executives not only face significant...
Persistent link: https://www.econbiz.de/10013052668
Prior research documents a negative link between risk and executive holding of stock (positive link observed for options). We find a similar negative relation for non-executive holding of stock. Our finding is consistent with the view that non-executives not only face significant incentives to...
Persistent link: https://www.econbiz.de/10013063423