Disentangling compensation and employment risks using the behavioral agency model

Employing survey and archival data from a sample of IPO firms, and extending the ideas of the Behavioral Agency Model, this study examines the influence of various forms of risk bearing created within the compensation contract on perceived risk taking. The results show that employment risk and varia...

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Veröffentlicht in:	Strategic management journal 2007-10, Vol.28 (10), p.1001-1019
Hauptverfasser:	Larraza-Kintana, Martin, Wiseman, Robert M., Gomez-Mejia, Luis R., Welbourne, Theresa M.
Format:	Artikel
Sprache:	eng
Schlagworte:	Agency theory Behavioral Agency Model Business management Business risks Chief executive officers Compensation Employment Employment stability Executive compensation Financial risk Investment strategies Management science Management techniques Organizational effectiveness Pay Risk Risk aversion risk bearing Risk management Risk taking Stock options Stocks Studies
Online-Zugang:	Volltext
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