Executive Compensation, Incentives, and Risk
This paper analyzes the link between equity-based compensation and created incentives by (1) deriving a measure of incentives suitable for both linear and non-linear compensation contracts, (2) analyzing the effect of risk on incentives, and (3) clarifying the role of the agent's private tradin...
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| Format: | Working Paper |
| Language: | en_US |
| Published: |
2004
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| Online Access: | http://hdl.handle.net/1721.1/5068 |