Managerial Stock Compensation and Risky Investment
This study analyzes the relationship between the mix of CEO equity-based compensation, namely stock options and restricted stock, and firms’ risky investment. In general, the theory suggests that long-term compensation aligns CEOs’ and shareholders’ interests by inducing the managers to undertake ri...
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2009-06-01
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| Series: | Theoretical and Applied Economics |
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| Online Access: |
http://store.ectap.ro/articole/391.pdf
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