메뉴 건너뛰기




Volumn 21, Issue 3, 1996, Pages 297-318

Investment opportunities and the structure of executive compensation

Author keywords

Investment opportunities; Management compensation; Performance measures

Indexed keywords


EID: 0030167039     PISSN: 01654101     EISSN: None     Source Type: Journal    
DOI: 10.1016/0165-4101(96)00421-1     Document Type: Article
Times cited : (259)

References (23)
  • 1
    • 0002217405 scopus 로고
    • An empirical investigation of the relative performance evaluation of corporate executives
    • Antle, R. and A. Smith, 1986, An empirical investigation of the relative performance evaluation of corporate executives, Journal of Accounting Research 24, 1-39.
    • (1986) Journal of Accounting Research , vol.24 , pp. 1-39
    • Antle, R.1    Smith, A.2
  • 2
    • 38249004422 scopus 로고
    • Growth, corporate policies, and the investment opportunity set
    • Baker, G., 1993, Growth, corporate policies, and the investment opportunity set, Journal of Accounting and Economics 16, 161-165.
    • (1993) Journal of Accounting and Economics , vol.16 , pp. 161-165
    • Baker, G.1
  • 4
    • 85015692260 scopus 로고
    • The pricing of options and corporate liabilities
    • Black, F. and M. Scholes, 1973, The pricing of options and corporate liabilities, Journal of Political Economy 81, 637-654.
    • (1973) Journal of Political Economy , vol.81 , pp. 637-654
    • Black, F.1    Scholes, M.2
  • 5
    • 0002778990 scopus 로고
    • Employee compensation and firms' research and development activity
    • Clinch, G., 1991, Employee compensation and firms' research and development activity, Journal of Accounting Research 29, 59-78.
    • (1991) Journal of Accounting Research , vol.29 , pp. 59-78
    • Clinch, G.1
  • 6
    • 46549097378 scopus 로고
    • Executive compensation, management turnover, and firm performance
    • Coughlin, A. and R. Schmidt, 1985, Executive compensation, management turnover, and firm performance, Journal of Accounting and Economics 7, 42-66.
    • (1985) Journal of Accounting and Economics , vol.7 , pp. 42-66
    • Coughlin, A.1    Schmidt, R.2
  • 8
    • 0002442960 scopus 로고
    • On the misuse of accounting rates of return to infer monopoly profits
    • Fisher, F. and J. McGowan, 1983, On the misuse of accounting rates of return to infer monopoly profits, American Economic Review 73, 82-97.
    • (1983) American Economic Review , vol.73 , pp. 82-97
    • Fisher, F.1    McGowan, J.2
  • 9
    • 43949176471 scopus 로고
    • Additional evidence on the association between the investment opportunity set and corporate financing, dividend, and compensation policies
    • Gaver, J. and K. Gaver, 1993, Additional evidence on the association between the investment opportunity set and corporate financing, dividend, and compensation policies, Journal of Accounting and Economics 16, 125-160.
    • (1993) Journal of Accounting and Economics , vol.16 , pp. 125-160
    • Gaver, J.1    Gaver, K.2
  • 12
    • 0002242651 scopus 로고
    • Estimating the 'fair value' of employee stock options with expected early exercise
    • Hemmer, T., S. Matsunaga, and T. Shevlin, 1994, Estimating the 'fair value' of employee stock options with expected early exercise, Accounting Horizons 8-4, 23-42.
    • (1994) Accounting Horizons , vol.8 , Issue.4 , pp. 23-42
    • Hemmer, T.1    Matsunaga, S.2    Shevlin, T.3
  • 13
    • 0000139691 scopus 로고
    • Moral hazard and observability
    • Holmstrom, B., 1979, Moral hazard and observability, Bell Journal of Economics 10, 74-91.
    • (1979) Bell Journal of Economics , vol.10 , pp. 74-91
    • Holmstrom, B.1
  • 14
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behavior, agency costs and ownership structure
    • Jensen, M. and W. Meckling, 1976, Theory of the firm: Managerial behavior, agency costs and ownership structure, Journal of Financial Economics 3, 305-360.
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-360
    • Jensen, M.1    Meckling, W.2
  • 15
    • 84936016411 scopus 로고
    • Performance pay and top-management incentives
    • Jensen, M. and K. Murphy, 1990, Performance pay and top-management incentives, Journal of Political Economy 98, 225-264.
    • (1990) Journal of Political Economy , vol.98 , pp. 225-264
    • Jensen, M.1    Murphy, K.2
  • 16
    • 84937314069 scopus 로고
    • Top executive rewards and firm performance: A comparison of Japan and the United States
    • Kaplan, S., 1994, Top executive rewards and firm performance: A comparison of Japan and the United States, Journal of Political Economy 102, 510-546.
    • (1994) Journal of Political Economy , vol.102 , pp. 510-546
    • Kaplan, S.1
  • 17
    • 0001849066 scopus 로고
    • An analysis of the use of accounting and market measures of performance in executive compensation contracts
    • Lambert, R. and D. Larcker, 1987, An analysis of the use of accounting and market measures of performance in executive compensation contracts, Journal of Accounting Research 25, 85-123.
    • (1987) Journal of Accounting Research , vol.25 , pp. 85-123
    • Lambert, R.1    Larcker, D.2
  • 18
    • 0041412312 scopus 로고
    • Corporate performance and managerial remuneration
    • Murphy, K., 1985, Corporate performance and managerial remuneration, Journal of Accounting and Economics 7, 11-42.
    • (1985) Journal of Accounting and Economics , vol.7 , pp. 11-42
    • Murphy, K.1
  • 19
    • 0001645471 scopus 로고
    • Equilibrium warrant pricing models and accounting for executive stock options
    • Noreen, E. and M. Wolfson, 1981, Equilibrium warrant pricing models and accounting for executive stock options, Journal of Accounting Research 19, 384-398.
    • (1981) Journal of Accounting Research , vol.19 , pp. 384-398
    • Noreen, E.1    Wolfson, M.2
  • 20
    • 0001816476 scopus 로고
    • Contracts and the market for executives
    • L. Wernin and H. Wijkander, eds., Basil Blackwell, Oxford
    • Rosen, S., 1992, Contracts and the market for executives, in: L. Wernin and H. Wijkander, eds., Contract economics (Basil Blackwell, Oxford) 181-211.
    • (1992) Contract Economics , pp. 181-211
    • Rosen, S.1
  • 21
    • 0000649376 scopus 로고
    • The investment opportunity set and accounting procedure choice: Preliminary evidence
    • Skinner, D., 1993, The investment opportunity set and accounting procedure choice: Preliminary evidence, Journal of Accounting and Economics 16, 407-445.
    • (1993) Journal of Accounting and Economics , vol.16 , pp. 407-445
    • Skinner, D.1
  • 22
    • 0002857961 scopus 로고
    • Accounting earnings and top executive compensation
    • Sloan, R., 1993, Accounting earnings and top executive compensation, Journal of Accounting and Economics 16, 55-100.
    • (1993) Journal of Accounting and Economics , vol.16 , pp. 55-100
    • Sloan, R.1
  • 23
    • 2342505938 scopus 로고
    • The investment opportunity set and corporate financing, dividend, and compensation policies
    • Smith, C. and R. Watts, 1992, The investment opportunity set and corporate financing, dividend, and compensation policies, Journal of Financial Economics 32, 263-292.
    • (1992) Journal of Financial Economics , vol.32 , pp. 263-292
    • Smith, C.1    Watts, R.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.