Executive Compensation and Horizon Incentives: An Empirical Investigation of Corporate Cash Payout
The recent financial crisis has renewed the interest in executives’ compensation-related horizon incentives. This paper examines how the short-termism in CEO compensation affects corporate cash payout through share repurchases using a new measure of compensation horizon incentive. In contrast to the...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2012
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| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/3396 https://ink.library.smu.edu.sg/context/lkcsb_research/article/4395/viewcontent/20120130104115.pdf |
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| Institution: | Singapore Management University |
| Language: | English |