Wealth Shocks and Executive Compensation: Evidence from CEO Divorce
To empirically test the impact of CEOs' outside wealth on their compensation, I use spousal divorce as a proxy for an exogenous, negative shock to a CEO's outside wealth. I hypothesize that this shock decreases a CEO's risk tolerance. I also expect that the board of directors respond...
| Main Author: | |
|---|---|
| Other Authors: | |
| Language: | en |
| Published: |
The University of Arizona.
2011
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10150/145400 |