How do Quasi-Random Option Grants Affect CEO Risk-Taking?
收藏NBER2017-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w23091
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资源简介：
We examine how an increase in stock option grants affects CEO risk-taking. The overall net effect of option grants is theoretically ambiguous for risk-averse CEOs. To overcome the endogeneity of option grants, we exploit institutional features of multi-year compensation plans, which generate two
提供机构：
美国国家经济研究局
创建时间：
2017-01-01
