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Incentive pay sensitivity to firm performance prior to anticipated CEO turnover
This study explores whether the sensitivity of CEO compensation to changes in firm performance depends on the CEO's likelihood of leaving the position. In a sample of 3180 US publicly-traded firms, we find that the sensitivity of bonus pay to firm performance is enhanced for a CEO who has reach...
| Autores principales: | , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Elsevier
2023
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| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10684370/ https://www.ncbi.nlm.nih.gov/pubmed/38034637 http://dx.doi.org/10.1016/j.heliyon.2023.e22163 |