CEO Compensation and Cash-Flow Shocks: Evidence from Changes in Environmental Regulations
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下载链接：
https://www.nber.org/papers/w32101
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资源简介：
This paper investigates how shocks to expected cash flows influence CEO incentive compensation. Exploiting changes in compliance with environmental regulations as shocks to expected future cash flows, we find that adverse shocks typically prompt corporate boards to recalibrate CEO compensation to
提供机构：
美国国家经济研究局
创建时间：
2024-02-01
