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pro vyhledávání: '"Ingolf Dittmann"'
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
This paper shows evidence for the hypothesis that the CEO opportunistically times share repurchases around her grants of at-the-money stock options. We find that firms decrease their repurchase activity in the quarter before the stock option grant to
Autor:
Ingolf Dittmann
Publikováno v:
Illicit Activity ISBN: 9781315185194
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::03105c3a29ef6aa818e2af81a8ed3ca8
https://doi.org/10.4324/9781315185194-7
https://doi.org/10.4324/9781315185194-7
Publikováno v:
SSRN Electronic Journal.
textabstractIs the difference in compensation between managers and workers related to the quality of the firm? We propose an asset pricing model with unsophisticated traders and short-sales constraints, in which the optimal wage gap increases with ma
Publikováno v:
SSRN Electronic Journal.
Do employees who compare themselves to the CEO matter for executive compensation? We hypothesize that employees have relative wealth concerns and compare their wage to the CEO's pay. Using German establishment-level wage data, we indeed show that emp
Publikováno v:
Review of Finance
Review of Finance, 21(5), 1805-1846. Oxford University Press
Review of Finance, 21(5), 1805-1846. Oxford University Press
As the lead article in this issue the article is made free of charge on the OUP website, even to non-subscribers. https://academic.oup.com/rof We consider a model in which shareholders provide a risk-averse CEO with risk-taking incentives in addition
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::1d5f476d65b4c5f37bb7a7915f3c6ad1
http://hdl.handle.net/11250/2461164
http://hdl.handle.net/11250/2461164
Publikováno v:
Games and Economic Behavior. 84:17-38
We perform an experiment in which subjects bid for participating in a vote. The setting precludes conflicts of interests or direct benefits from voting. The theoretical value of participating in the vote is therefore zero if subjects have only instru
Publikováno v:
Journal of Corporate Finance, 17(4), 1200-1220. Elsevier
We analyze several proposals to restrict CEO compensation and calibrate two models of executive compensation that describe how firms would react to different types of restrictions. We find that many restrictions would have unintended consequences. Re
Autor:
Ingolf Dittmann
Publikováno v:
Review of Accounting Studies, 15(3), 578-583. Springer New York
This discussion provides several explanations for the evidence presented in Balachandran and Mohanram (2010) that are consistent with efficient contracting. I also show that—contrary to the suggestion of the title—CEOs do not benefit from value d