LAUSR

Short‐Termist CEO Compensation in Speculative Markets: A Controlled Experiment*

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1 Published in 2021 at "Contemporary Accounting Research"

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