Cost-efficient Performance-Vesting Equity
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DOI: 10.1016/j.econlet.2019.06.002
Abstract: We analyze the incentive effects of the Performance-Vesting Equity (PVE) component of executive pay that is characterized by zero exercise price and performance-contingent vesting. We demonstrate how PVE with upward-sloping convex/concave vesting curves can be… read more here.
Keywords: cost efficient; performance; vesting equity; performance vesting ... See more keywords