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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Bibliographic Details
Main Author: HUANG, Sheng
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2012
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/3397
https://ink.library.smu.edu.sg/context/lkcsb_research/article/4396/viewcontent/20120130104115.pdf
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Institution: Singapore Management University
Language: English
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