Incentives, CEO Compensation and Shareholder Wealth in a Dynamic Agency Model
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Other versions of this item:
- Wang, Cheng, 1997. "Incentives, CEO Compensation, and Shareholder Wealth in a Dynamic Agency Model," Journal of Economic Theory, Elsevier, vol. 76(1), pages 72-105, September.
- Wang, C., 1995. "Incentives, CEO Compensation, and Shareholder Wealth in a Dynamic Agency Model," GSIA Working Papers 1995-08, Carnegie Mellon University, Tepper School of Business.
References listed on IDEAS
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- Gian Luca Clementi & Thomas F. Cooley & Sonia Di Giannatale, 2009. "A Theory of Firm Decline," NBER Working Papers 15192, National Bureau of Economic Research, Inc.
- Gian Luca Clementi & Thomas F. Cooley & Sonia B. Di Giannatale, 2010. "A Theory of Firm Decline," Levine's Working Paper Archive 661465000000000149, David K. Levine.
- Gian Luca Clementi & Thomas F. Cooley & Sonia DiGiannatale, 2009. "A Theory of Firm Decline," Working Papers 09-05, New York University, Leonard N. Stern School of Business, Department of Economics.
- Gian Luca, Clementi & Cooley, Thomas & Di Giannatale, Sonia, 2010. "A Theory of Firm Decline," Institutions and Markets Papers 92788, Fondazione Eni Enrico Mattei (FEEM).
- Gian Luca Clementi & Thomas Cooley & Sonia Di Giannatale, 2008. "A Theory of Firm Decline," Working Paper series 33_08, Rimini Centre for Economic Analysis.
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"Disentangling managerial incentives from a dynamic perspective: The role of stock grants,"
Pacific Economic Review, Wiley Blackwell, vol. 22(5), pages 743-771, December.
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"Stock options and managerial optimal contracts,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 26(4), pages 813-837, November.
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- Itza Curiel & Sonia Di Giannatale & Juan Herrera & Katya Rodríguez, 2012. "Pareto Frontier of a Dynamic Principal–Agent Model with Discrete Actions: An Evolutionary Multi-Objective Approach," Computational Economics, Springer;Society for Computational Economics, vol. 40(4), pages 415-443, December.
- Garen, John E, 1994. "Executive Compensation and Principal-Agent Theory," Journal of Political Economy, University of Chicago Press, vol. 102(6), pages 1175-1199, December.
- Arantxa Jarque, 2014. "The Complexity of CEO Compensation: Incentives and Learning," 2014 Meeting Papers 1355, Society for Economic Dynamics.
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- Arantxa Jarque, 2014. "The Complexity of CEO Compensation," Working Paper 14-16, Federal Reserve Bank of Richmond, revised 02 Oct 2014.
- Chaigneau, Pierre, 2018.
"The optimal timing of CEO compensation,"
Finance Research Letters, Elsevier, vol. 24(C), pages 90-94.
- Pierre Chaigneau, 2012. "The Optimal Timing of CEO Compensation," Cahiers de recherche 1207, CIRPEE.
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Clementi, Gian Luca & Cooley, Thomas F. & Wang, Cheng, 2006.
"Stock grants as a commitment device,"
Journal of Economic Dynamics and Control, Elsevier, vol. 30(11), pages 2191-2216, November.
- Gian Luca Clementi & Thomas F. Cooley & Cheng Wang, "undated". "Stock Grants as Commitment Device," GSIA Working Papers 2002-E12, Carnegie Mellon University, Tepper School of Business.
- Gian Luca Clementi & Thomas Cooley & Chen Wang, 2004. "Stock Grants as a Committment Device," Working Papers 04-24, New York University, Leonard N. Stern School of Business, Department of Economics.
- Clementi, Gian Luca & Cooley, Thomas F. & Wang, Cheng, 2006. "Stock Grants As a Commitment Device," Staff General Research Papers Archive 12300, Iowa State University, Department of Economics.
- Gian Luca Clementi & Thomas Cooley, 2009.
"Executive Compensation: Facts,"
Working Papers
09-16, New York University, Leonard N. Stern School of Business, Department of Economics.
- Clementi, Gian Luca & Cooley, Thomas, 2010. "Executive Compensation: Facts," Institutions and Markets Papers 92834, Fondazione Eni Enrico Mattei (FEEM).
- Gian Luca Clementi & Thomas Cooley, 2010. "Executive Compensation: Facts," Working Papers 2010.89, Fondazione Eni Enrico Mattei.
- Gian Luca Clementi & Thomas Cooley, 2009. "Executive Compensation: Facts," Working Paper series 46_09, Rimini Centre for Economic Analysis.
- Gian Luca Clementi & Thomas F. Cooley, 2009. "Executive Compensation: Facts," NBER Working Papers 15426, National Bureau of Economic Research, Inc.
- Giat, Yahel & Subramanian, Ajay, 2013. "Dynamic contracting under imperfect public information and asymmetric beliefs," Journal of Economic Dynamics and Control, Elsevier, vol. 37(12), pages 2833-2861.
- Hugo Hopenhayn & Arantxa Jarque, 2006.
"Moral Hazard and Persistence,"
2006 Meeting Papers
670, Society for Economic Dynamics.
- Hugo A. Hopenhayn & Arantxa Jarque, 2007. "Moral hazard and persistence," Working Paper 07-07, Federal Reserve Bank of Richmond, revised 2007.
- Emilio Espino & Juan M. Sanchez, 2010. "Risk sharing, investment, and incentives in the neoclassical growth model," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 96(4Q), pages 399-416.
- Wang, Cheng, 2011.
"Termination of dynamic contracts in an equilibrium labor market model,"
Journal of Economic Theory, Elsevier, vol. 146(1), pages 74-110, January.
- Cheng Wang, 2005. "Termination of Dynamic Contracts in an Equilibrium Labor Market Model," 2005 Meeting Papers 743, Society for Economic Dynamics.
- Wang, Cheng, 2005. "Termination of Dynamic Contracts in an Equilibrium Labor Market Model," Staff General Research Papers Archive 12403, Iowa State University, Department of Economics.
- Vincenzo Quadrini & Ramon Marimon & Thomas Cooley, 2012.
"Risky Investments with Limited Commitment,"
2012 Meeting Papers
603, Society for Economic Dynamics.
- Thomas F. Cooley & Ramon Marimon & Vincenzo Quadrini, 2013. "Risky Investments with Limited Commitment," NBER Working Papers 19594, National Bureau of Economic Research, Inc.
- Thomas Cooley & Ramon Marimon & Vincenzo Quadrini, 2013. "Risky Investments with Limited Commitment," Working Papers 13-17, New York University, Leonard N. Stern School of Business, Department of Economics.
- Cooley, Thomas F & Marimon, Ramon & Quadrini, Vincenzo, 2013. "Risky Investments with Limited Commitment," CEPR Discussion Papers 9725, C.E.P.R. Discussion Papers.
- Amal Hili & Didier Laussel & Ngo Van Long, 2017.
"Disentangling managerial incentives from a dynamic perspective: The role of stock grants,"
Pacific Economic Review, Wiley Blackwell, vol. 22(5), pages 743-771, December.
- Amal Hili & Didier Laussel & Ngo Van Long, 2016. "Disentangling Managerial Incentives from a Dynamic Perspective: The Role of Stock Grants," CESifo Working Paper Series 6083, CESifo.
- Amal Hili & Didier Laussel & Ngo Van Long, 2017. "Disentangling managerial incentives from a dynamic perspective: The role of stock grants," Post-Print hal-02164062, HAL.
- Amal Hili & Didier Laussel & Ngo Van Long, 2016. "Disentangling managerial incentives from a dynamic perspective: the role of stock grants," CIRANO Working Papers 2016s-48, CIRANO.
- Arantxa Jarque, 2010. "Hidden effort, learning by doing, and wage dynamics," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 96(4Q), pages 339-372.
- Spear, Stephen E. & Wang, Cheng, 2005.
"When to fire a CEO: optimal termination in dynamic contracts,"
Journal of Economic Theory, Elsevier, vol. 120(2), pages 239-256, February.
- Stephen Spear & Cheng Wang, "undated". "When to Fire a CEO: Optimal Termination in Dynamic Contracts," GSIA Working Papers 2002-E5, Carnegie Mellon University, Tepper School of Business.
- Spear, Stephen E. & Wang, Cheng, 2005. "When to Fire a CEO: Optimal Termination in Dynamic Contracts," Staff General Research Papers Archive 11443, Iowa State University, Department of Economics.
- Jorge Aseff & Manuel Santos, 2005.
"Stock options and managerial optimal contracts,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 26(4), pages 813-837, November.
- Manuel Santos & Jorge Aseff, "undated". "Stock Options and Managerial Optimal Contracts," Working Papers 2133304, Department of Economics, W. P. Carey School of Business, Arizona State University.
- Gian Luca Clementi & Thomas Cooley & Sonia Di Giannatale, 2010.
"A Theory of Firm Decline,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 13(4), pages 861-885, October.
- Sonia Di Giannatale Menegalli & Gian Luca Clementi & Thomas Cooley, 2008. "A Theory of Firm Decline," Working papers DTE 445, CIDE, División de Economía.
- Gian Luca Clementi & Thomas Cooley & Sonia Di Giannatal, 2010. "A Theory of Firm Decline," Working Papers 2010.88, Fondazione Eni Enrico Mattei.
- Gian Luca Clementi & Thomas F. Cooley & Sonia B. Di Giannatale, 2010. "A Theory of Firm Decline," Levine's Working Paper Archive 661465000000000149, David K. Levine.
- Gian Luca Clementi & Thomas F. Cooley & Sonia Di Giannatale, 2009. "A Theory of Firm Decline," NBER Working Papers 15192, National Bureau of Economic Research, Inc.
- Gian Luca Clementi & Thomas F. Cooley & Sonia DiGiannatale, 2009. "A Theory of Firm Decline," Working Papers 09-05, New York University, Leonard N. Stern School of Business, Department of Economics.
- Gian Luca, Clementi & Cooley, Thomas & Di Giannatale, Sonia, 2010. "A Theory of Firm Decline," Institutions and Markets Papers 92788, Fondazione Eni Enrico Mattei (FEEM).
- Gian Luca Clementi & Thomas Cooley & Sonia Di Giannatale, 2008. "A Theory of Firm Decline," Working Paper series 33_08, Rimini Centre for Economic Analysis.
- Sonia Di Giannatale Menegalli & Itza T. Q. Curiel-Cabral, 2013. "Compromises and Incentives," Working papers DTE 559, CIDE, División de Economía.
- Stefania Albanesi & Claudia Olivetti & María José Prados, 2015.
"Gender and Dynamic Agency: Theory and Evidence on the Compensation of Top Executives,"
Research in Labor Economics, in: Solomon W. Polachek & Konstantinos Tatsiramos & Klaus F. Zimmermann (ed.),Gender in the Labor Market, volume 42, pages 1-59,
Emerald Publishing Ltd.
- Stefania Albanesi & Claudia Olivetti & Maria Jose Prados, 2015. "Gender and Dynamic Agency: Theory and Evidence on the Compensation of Top Executives," Working Papers 2015-004, Human Capital and Economic Opportunity Working Group.
- Stefania Albanesi & Claudia Olivetti & María José Prados, 2015. "Gender and dynamic agency: theory and evidence on the compensation of top executives," Staff Reports 718, Federal Reserve Bank of New York.
- Albanesi, Stefania & Olivetti, Claudia & Prados, Maria José, 2015. "Gender and Dynamic Agency: Theory and Evidence on the Compensation of Top Executives," CEPR Discussion Papers 10491, C.E.P.R. Discussion Papers.
- Bond, Philip & Newman, Andrew F., 2009.
"Prohibitions on punishments in private contracts,"
Journal of Financial Intermediation, Elsevier, vol. 18(4), pages 526-540, October.
- Andrew Newman & Philip Bond, 2004. "Prohibitions on Punishments in Private Contracts," Econometric Society 2004 North American Winter Meetings 143, Econometric Society.
- Philip Bond & Andrew F. Newman, 2006. "Prohibitions on Punishments in Private Contracts," Boston University - Department of Economics - Working Papers Series WP2006-060, Boston University - Department of Economics.
- Stefania Albanesi & Claudia Olivetti, 2006.
"Gender and Dynamic Agency: Theory and Evidence on the Compensation of Female Top Executives,"
Boston University - Department of Economics - Working Papers Series
WP2006-061, Boston University - Department of Economics.
- Claudia Olivetti & Stefania Albanesi, 2007. "Gender And Dynamic Agency: Theory And Evidence On The Compensation Of Female Top Executives," 2007 Meeting Papers 894, Society for Economic Dynamics.
- Itza Curiel & Sonia Di Giannatale & Juan Herrera & Katya Rodríguez, 2012. "Pareto Frontier of a Dynamic Principal–Agent Model with Discrete Actions: An Evolutionary Multi-Objective Approach," Computational Economics, Springer;Society for Computational Economics, vol. 40(4), pages 415-443, December.
- Chaigneau, Pierre, 2018.
"The optimal timing of CEO compensation,"
Finance Research Letters, Elsevier, vol. 24(C), pages 90-94.
- Pierre Chaigneau, 2012. "The Optimal Timing of CEO Compensation," Cahiers de recherche 1207, CIRPEE.
- Arantxa Jarque, 2008. "Optimal CEO compensation and stock options," Working Papers. Serie EC 2008-04, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Pierre Chaigneau, 2010. "The Optimal Timing of Executive Compensation," FMG Discussion Papers dp660, Financial Markets Group.
- Arantxa Jarque, 2008. "CEO compensation : trends, market changes, and regulation," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 94(Sum), pages 265-300.
- Quadrini, Vincenzo, 2004. "Investment and liquidation in renegotiation-proof contracts with moral hazard," Journal of Monetary Economics, Elsevier, vol. 51(4), pages 713-751, May.
- Arantxa Jarque, 2014. "The Complexity of CEO Compensation," Working Paper 14-16, Federal Reserve Bank of Richmond, revised 02 Oct 2014.
- Arantxa Jarque & Muth John, 2013. "Evaluating Executive Compensation Packages," Economic Quarterly, Federal Reserve Bank of Richmond, issue 4Q, pages 251-285.
More about this item
JEL classification:
- G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
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