Executive Compensation, Strategic Competition, and Relative Performance Evaluation: Theory and Evidence
收藏NBER1996-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5648
下载链接
链接失效反馈官方服务：
资源简介：
We argue that strategic interactions between firms in an oligopoly can explain the puzzling lack of high-powered incentives in executive compensation contracts written by shareholders whose objective is to maximize the value of their shares. We derive the optimal compensation contracts for managers
提供机构：
美国国家经济研究局
创建时间：
1996-07-01
