Executive compensation and takeovers : impact of CEO's psychological and biological characteristics on risk-taking and performance
This thesis explores the issues surrounding the relation between executive compensation and corporate acquisitions. Based on a sample of 2527 acquisitions in the US from 1993 to 2004, I find that equity-based compensation provides strong incentives for managers to undertake risky acquisitions. Incre...
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Cranfield University
2007
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| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.443353 |