TITLE

TOP MANAGEMENT INCENTIVES, MONITORING, AND RISK-BEARING: A STUDY OF EXECUTIVE COMPENSATION, OWNERSHIP, AND BOARD STRUCTURE IN INITIAL PUBLIC OFFERINGS

AUTHOR(S)
Beatty, Randolph P.; Zajac, Edward J.
PUB. DATE
August 1990
SOURCE
Academy of Management Best Papers Proceedings;1990, p7
SOURCE TYPE
Conference Proceeding
DOC. TYPE
Proceeding
ABSTRACT
This study develops and tests implications of an agency perspective on the structure of top executive compensation, ownership, and corporate control. We propose that firms seek to ensure optimal managerial behavior by efficiently balancing incentive, monitoring, and risk-bearing arrangements. The study examine these issues empirically for 435 newly-formed corporations.
ACCESSION #
4978117

 

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