Westphal, James D.; Zajac, Edward J.
August 1993
Academy of Management Best Papers Proceedings;1993, p232
Conference Proceeding
This longitudinal study examines the economic and behavioral determinants of long-term incentive plans (LTIPS). We find that: (1) firms with powerful CEOs are more likely to announce LTIPs but less likely to actually use them; and (2) while early adopters of LTIPs are motivated by performance goals, later adopters are not.


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