IEEE - Institute of Electrical and Electronics Engineers, Inc. - A Comparative Study on the Effects of the Equity-Based Incentives for Risk Neutral Managers

2009 1st International Conference on Information Science and Engineering (ICISE)

Author(s): Yang Huihui ; Cheng Anlin
Publisher: IEEE - Institute of Electrical and Electronics Engineers, Inc.
Publication Date: 1 December 2009
Conference Location: Nanjing, China, China
Conference Date: 26 December 2009
Page(s): 2,787 - 2,790
ISBN (CD): 978-0-7695-3887-7
ISBN (Electronic): 978-1-4244-5728-1
ISBN (Paper): 978-1-4244-4909-5
DOI: 10.1109/ICISE.2009.13
Regular:

We assumed the managers are risk neutral, and use sensitivity to pay-performance to represent the effect on equity-based incentive. Then, we use the principal-agency model to compare the effect on... View More

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