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Does say-on-pay benefit shareholders?
Vithayathil, Joseph; Shivendu, Shivendu - In: International journal of corporate governance : IJCG 11 (2020) 3/4, pp. 223-264
Persistent link: https://www.econbiz.de/10012597706
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Promotion, turnover, and compensation in the executive labor market
Gayle, George-Levi; Golan, Limor; Miller, Robert Allen - In: Econometrica : journal of the Econometric Society, an … 83 (2015) 6, pp. 2293-2369
Persistent link: https://www.econbiz.de/10011431546
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Disentangling managerial incentives from a dynamic perspective : the role of stock grants
Hili, Amal; Laussel, Didier; Long, Ngo Van - 2016
We analyze the optimal contract between a risk-averse manager and the initial shareholders in a two-period model where the manager's investment effort, carried out in period 1, and her current effort, carried out in period 2, both impact the second-period profit, so that it may be difficult to...
Persistent link: https://www.econbiz.de/10011538964
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Disentangling managerial incentives from a dynamic perspective : the role of stock grants
Hili, Amal; Laussel, Didier; Long, Ngo Van - 2016
Persistent link: https://www.econbiz.de/10011536492
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Disentangling managerial incentives from a dynamic perspective : the role of stock grants
Hili, Amal; Laussel, Didier; Long, Ngo Van - In: Pacific economic review 22 (2017) 5, pp. 743-771
Persistent link: https://www.econbiz.de/10011813571
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Dynamic managerial compensation : on the optimality of seniority-based schemes
Garrett, Daniel F.; Pavan, Alessandro - 2014
We study the optimal dynamics of incentives for a manager whose ability to generate cash .ows changes stochastically with time and is his private information. We show that, in general, the power of incentives (or "pay for performance") may either increase or decrease with tenure. However, risk...
Persistent link: https://www.econbiz.de/10010476876
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A theory of fair ceo pay
Chaigneau, Pierre; Edmans, Alex; Gottlieb, Daniel - 2023
Persistent link: https://www.econbiz.de/10013477768
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The marketability of bank assets and managerial rents : implications for financial stability
Fecht, Falko (contributor); Wagner, Wolf (contributor) - 2007
banks' dependence on individual bank managers as private information in the lending process declines. In this paper we argue … bank managers and shareholders becomes less severe. Consequently, banks' capital structure needs to be less concerned with … adverse return shocks. However, limiting the hold-up problem also diminishes bank managers' rents, reducing their incentives …
Persistent link: https://www.econbiz.de/10003529025
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The marketability of bank assets, managerial rents and banking stability
Fecht, Falko; Wagner, Wolf - In: Journal of financial stability 5 (2009) 3, pp. 272-282
Persistent link: https://www.econbiz.de/10003878359
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The Marketability of Bank Assets and Managerial Rents : Implications for Financial Stability
Fecht, Falko - 2016
banks' dependence on individual bank managers as private information in the lending process declines. In this paper we argue … bank managers and shareholders becomes less severe. Consequently, banks' capital structure needs to be less concerned with … adverse return shocks. However, limiting the hold-up problem also diminishes bank managers' rents, reducing their incentives …
Persistent link: https://www.econbiz.de/10012989289