Additional Evidence on the Association between Director Stock Ownership and Incentive Compensation
Governance scholars argue that outside directors have little incentive to monitor managers when their equity stake in the firm is not significant. A sample with a substantial level of outside director shareholdings is examined and a negative relationship between incentive compensation and outside di...
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Format: | text |
Language: | English |
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Institutional Knowledge at Singapore Management University
2002
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Online Access: | https://ink.library.smu.edu.sg/soa_research/623 http://dx.doi.org/10.1023/A:1015726224797 |
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Institution: | Singapore Management University |
Language: | English |