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...
| Hlavní autor: | |
|---|---|
| Médium: | Working Paper |
| Jazyk: | en_US |
| Vydáno: |
2004
|
| Témata: | |
| On-line přístup: | http://hdl.handle.net/1721.1/5068 |