Executive Compensation and Short|Termist Behavior in Speculative ...

Executive Compensation and Short-Termist Behaviour in ...

We present a multiperiod agency model of stock-based executive compensation in a speculative stock market, where investors have heterogeneous beliefs and ...

Executive Compensation and Short-Termist Behaviour in ...

We present a multiperiod agency model of stock-based executive compensation in a speculative stock market, where investors have heterogeneous beliefs.

Executive Compensation and Short-termist Behavior in Speculative ...

Executive Compensation and Short-termist Behavior in Speculative Markets ... We present a multiperiod agency model of stock based executive ...

Executive Compensation and Short-Termist Behavior in Speculative ...

We present a multiperiod agency model of stock based executive compensation in a speculative stock market, where investors have heterogeneous beliefs and ...

Executive Compensation and Short-Termist Behaviour in Specul

We present a multiperiod agency model of stock-based executive compensation in a speculative stock market, where investors have heterogeneous beliefs.

Executive Compensation and Short-Termist Behavior in Speculative ...

We present a multiperiod agency model of stock based executive compensation in a speculative stock market, where investors are overconfident ...

Executive Compensation and Short-Termist Behavior in Speculative ...

Short‐Termist CEO Compensation in Speculative Markets: A Controlled Experiment ... Bolton, Scheinkman, and Xiong (2006) model a setting where investors disagree ...

Executive Compensation in Speculative Markets - Scholarship Archive

In our previous article, Executive Compensation and Short-Termist Behavior in ... theory that firm executives are spurred by speculation in stock markets to take ...

Executive Compensation and Short-Termist Behaviour ... - EconPapers

Abstract: We present a multiperiod agency model of stock-based executive compensation in a speculative stock market, where investors have heterogeneous beliefs ...

Executive Compensation and Short-Termist Behaviour in ... - ebsco

Executive Compensation and Short-Termist Behaviour in Speculative Markets. · BOLTON, PATRICK; SCHEINKMAN, JOS; XIONG, WEI · Review of Economic Studies, 2006, Vol ...

Short-Termist CEO Compensation in Speculative Markets

Building upon this idea, BSX propose a model in which shareholders incentivize CEOs' short-termist behavior to manipulate earnings and.

Short‐Termist CEO Compensation in Speculative Markets: A ...

A theoretical implication of the model is that existing shareholders can exploit the speculative stock prices by (i) designing managerial ...

Executive Compensation in Speculative Markets | NBER

Bolton, Patrick, Jos Scheinkman and Wei Xiong. "Executive Compensation And Short-Termist Behaviour In Speculative Markets," Review of Economic ...

Executive Compensation and Short-Termism - CSEF

[3] Bolton, P., Scheinkman, J., and Xiong, W., 2006, Executive compensation and short- termist behaviour in speculative markets, Review of Economic Studies, 73, ...

Short-Termist CEO Compensation in Speculative Markets

A theoretical implication of the model is that existing shareholders can exploit the speculative stock prices by (i) designing managerial ...

Short-termism of executive compensation - ScienceDirect.com

This paper presents an optimal contracting theory of short-term firm behavior. Contracts inducing short-sighted managerial behavior arise as shareholders' ...

Short-Termist CEO Compensation in Speculative Markets

Consequences: CEO Investment Horizon. ▷ If a change in compensation duration is effective, should see changes in CEO behavior. ▷ Longer CPD incentizes CEOs ...

Pay for Short-Term Performance: Executive Compensation in ...

Finance 32, 1151-1168. 20Michael Harrison and David Kreps (1978), Speculative investor behavior in a stock market with heterogeneous expectations," Quarterly ...

Short-Termism of Executive Compensation - FDIC Archive

Contracts inducing short-sighted managerial behavior arise as shareholders' response to conflicting intergenerational managerial incentives.

Investor horizon and managerial short-termism - ScienceDirect.com

This paper shows that long-term shareholders embed horizon incentives in executive compensation contracts as a mechanism to promote long-term oriented ...