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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Bibliographic Details
Main Author: CHEN, Chih-Ying
Format: text
Language:English
Published: 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

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