Initial compensation contracts for new executives and financial distress risk: an empirical investigation of UK firms
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DOI: 10.1016/j.jcorpfin.2017.11.002
Abstract: This paper analyses the effect of financial distress risk on the initial compensation contracts of new executives in the UK, where credit markets are more concentrated than in the US. We find that financial distress… read more here.
Keywords: initial compensation; compensation; financial distress; distress risk ... See more keywords