Managerial incentives in the presence of golden handshakes
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DOI: 10.1016/j.frl.2016.09.023
Abstract: This paper examines the effect of “golden handshakes” on managerial incentive compensation and risk-taking. Golden handshake, one on hand, increases CEO's pay-for-performance sensitivity by providing a high-powered incentive scheme. On the other hand, it also… read more here.
Keywords: incentives presence; handshakes managerial; presence golden; golden handshakes ... See more keywords