Now showing items 1-2 of 2
Golden Parachutes, Takeover Probability, and Risk-Taking
(Midwest Finance Association, 2011)
This paper is the first to examine the relationships among golden parachutes (GPs), CEO compensation incentives, and managerial risk-taking. GPs are positively associated with risktaking, but only when controlling for the ...
Golden Parachutes, Takeover Incentive, and Risk-taking
(Midwest Finance Association 2013 Annual Meeting Paper, 2013-06-09)
We examine the relations between golden parachutes (GPs), pay-performance sensitivity (delta), and managerial risk-taking. We find an insignificant effect of GPs, but a negative and significant interaction of GPs with ...