ShortâTermist CEO Compensation in Speculative Markets: A Controlled Experiment*
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DOI: 10.1111/1911-3846.12676
Abstract: We find an exogenous removal of short-sale constraints curbs CEO short-termism as measured by longer compensation duration. This is consistent with the agency model of Bolton, Scheinkman, and Xiong (2006) where optimal compensation contracts emphasize… read more here.
Keywords: short sale; ceo compensation; compensation; compensation speculative ... See more keywords