Pay for Short-Term Performance: Executive Compensation in Speculative Markets
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https://www.nber.org/papers/w12107
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We argue that the root cause behind the recent corporate scandals associated with CEO pay is the technology bubble of the latter half of the 1990s. Far from rejecting the optimal incentive contracting theory of executive compensation, the recent evidence on executive pay can be reconciled with
提供机构:
美国国家经济研究局
创建时间:
2006-03-01



