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The Other Side of the Tradeoff: The Impact of Risk on Executive Compensation

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NBER1998-07-01 更新2025-01-04 收录
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The principal-agent model of executive compensation is of central importance to the modern theory of the firm and corporate governance, yet the existing empirical evidence supporting it is quite weak. The key predication of the model is that the executive's pay-performance sensitivity is decreasing

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1998-07-01
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