메뉴 건너뛰기




Volumn 40, Issue 1, 1999, Pages 69-93

Managerial bargaining power in the determination of compensation contracts and corporate investment

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0345975870     PISSN: 00206598     EISSN: None     Source Type: Journal    
DOI: 10.1111/1468-2354.00006     Document Type: Article
Times cited : (12)

References (39)
  • 1
    • 0003367892 scopus 로고
    • Capital Rationing and Organizational Slack in Capital Budgeting
    • ANTLE, R. AND G.D. EPPEN, "Capital Rationing and Organizational Slack in Capital Budgeting," Management Science 31 (1985), 163-174.
    • (1985) Management Science , vol.31 , pp. 163-174
    • Antle, R.1    Eppen, G.D.2
  • 2
    • 0001215956 scopus 로고
    • Measuring Executive Compensation: Methods and an Application
    • _ AND A. SMITH, "Measuring Executive Compensation: Methods and an Application," Journal of Accounting Research 23 (1985), 296-325.
    • (1985) Journal of Accounting Research , vol.23 , pp. 296-325
    • Smith, A.1
  • 3
    • 0002217405 scopus 로고
    • An Empirical Investigation of the Relative Performance Evaluation of Corporate Executives
    • _ AND _, "An Empirical Investigation of the Relative Performance Evaluation of Corporate Executives," Journal of Accounting Research 24 (1986), 1-39.
    • (1986) Journal of Accounting Research , vol.24 , pp. 1-39
  • 4
    • 84977726267 scopus 로고
    • Compensation and Incentives: Practice vs. Theory
    • BAKER, G.P., M.C. JENSEN, AND K.J. MURPHY, "Compensation and Incentives: Practice vs. Theory," Journal of Finance 43 (1988), 593-616.
    • (1988) Journal of Finance , vol.43 , pp. 593-616
    • Baker, G.P.1    Jensen, M.C.2    Murphy, K.J.3
  • 5
    • 21444458256 scopus 로고
    • Why Informed Principal May Leave Rents to an Agents
    • BEAUDRY, P., "Why Informed Principal May Leave Rents to an Agents," International Economic Review 35 (1994), 821-832.
    • (1994) International Economic Review , vol.35 , pp. 821-832
    • Beaudry, P.1
  • 6
    • 85077563618 scopus 로고
    • Double-sided Moral Hazard and the Nature of Share contracts
    • BHATTACHARYYA, S. AND F. LAFONTAINE, "Double-sided Moral Hazard and the Nature of Share contracts," Rand Journal of Economics 26 (1995), 761-781.
    • (1995) Rand Journal of Economics , vol.26 , pp. 761-781
    • Bhattacharyya, S.1    Lafontaine, F.2
  • 7
    • 21844520374 scopus 로고
    • You Can Pay Me Now and You Can Pay Me Later: The Dymanic Response of Executive Compensation to Firm Performance
    • BOSCHEN, J.F. AND K.J. SMITH, "You Can Pay Me Now and You Can Pay Me Later: The Dymanic Response of Executive Compensation to Firm Performance," Journal of Business 68 (1995), 577-608.
    • (1995) Journal of Business , vol.68 , pp. 577-608
    • Boschen, J.F.1    Smith, K.J.2
  • 8
    • 84986841571 scopus 로고
    • Managerial Compensation and the Agency Costs of Debt Finance
    • BRANDER, J. AND M. POITEVIN, "Managerial Compensation and the Agency Costs of Debt Finance," Managerial and Decision Economics 13 (1992), 55-64.
    • (1992) Managerial and Decision Economics , vol.13 , pp. 55-64
    • Brander, J.1    Poitevin, M.2
  • 9
    • 0039575130 scopus 로고
    • The Real Output of the Stock Exchange
    • Z. Griliches, ed., Chicago: University of Chicago Press
    • BRESNAHAN, T., P. MILGROM, AND J. PAUL, "The Real Output of the Stock Exchange," in Z. Griliches, ed., Output Measurement in the Services Sector (Chicago: University of Chicago Press, 1992).
    • (1992) Output Measurement in the Services Sector
    • Bresnahan, T.1    Milgrom, P.2    Paul, J.3
  • 10
    • 21444456798 scopus 로고
    • Myopic Investment Decisions and Competitive Labor Markets
    • CAMPBELL, T.S. AND A.M. MARINO, "Myopic Investment Decisions and Competitive Labor Markets," International Economic Review 35 (1994), 855-875.
    • (1994) International Economic Review , vol.35 , pp. 855-875
    • Campbell, T.S.1    Marino, A.M.2
  • 11
    • 0001139863 scopus 로고
    • Signaling Games and Stable Equilibria
    • CHO, I.K. AND D. KREPS, "Signaling Games and Stable Equilibria," Quarterly Journal of Economics 102 (1987), 179-221.
    • (1987) Quarterly Journal of Economics , vol.102 , pp. 179-221
    • Cho, I.K.1    Kreps, D.2
  • 12
    • 46549097378 scopus 로고
    • Executive Compensation, Managerial Turnover and Firm Performance: An Empirical Investigation
    • COUGHLAN, A. AND R.M. SCHMIDT, "Executive Compensation, Managerial Turnover and Firm Performance: An Empirical Investigation," Journal of Accounting and Economics 7 (1985), 43-66.
    • (1985) Journal of Accounting and Economics , vol.7 , pp. 43-66
    • Coughlan, A.1    Schmidt, R.M.2
  • 13
    • 0000984095 scopus 로고
    • The Implementation of Social Choice Rules: Some Results on Incentive Compatibility
    • DASGUPTA P.S., P.J. HAMMOND, AND E.S MASKIN, "The Implementation of Social Choice Rules: Some Results on Incentive Compatibility," Review of Economic Studies 46 (1979), 185-216.
    • (1979) Review of Economic Studies , vol.46 , pp. 185-216
    • Dasgupta, P.S.1    Hammond, P.J.2    Maskin, E.S.3
  • 14
    • 0000049321 scopus 로고
    • Capital Structure and Dividend Irrelevance with Asymmetric Information
    • DYBVIG, P. AND J. ZENDER, " Capital Structure and Dividend Irrelevance with Asymmetric Information," Review of Financial Studies 4 (1991), 201-219.
    • (1991) Review of Financial Studies , vol.4 , pp. 201-219
    • Dybvig, P.1    Zender, J.2
  • 15
    • 0004260007 scopus 로고
    • Cambridge, Massachusetts: MIT Press
    • FUDENBURG, D. AND J. TIROLE, Game Theory, (Cambridge, Massachusetts: MIT Press, 1992).
    • (1992) Game Theory
    • Fudenburg, D.1    Tirole, J.2
  • 16
    • 0001066590 scopus 로고
    • Asymmetric Information, Incentives and Intrafirm Resource Allocation
    • HARRIS, M., C.H. KRIEBEL, AND A. RAVIV, "Asymmetric Information, Incentives and Intrafirm Resource Allocation," Management Science 26 (1982), 604-620.
    • (1982) Management Science , vol.26 , pp. 604-620
    • Harris, M.1    Kriebel, C.H.2    Raviv, A.3
  • 17
    • 84977345685 scopus 로고
    • Resolving the Agency Problems of External Capital through Stock Options
    • HAUGEN, R.A. AND L.W. SENBET, "Resolving the Agency Problems of External Capital through Stock Options," Journal of Finance 36 (1981), 629-647.
    • (1981) Journal of Finance , vol.36 , pp. 629-647
    • Haugen, R.A.1    Senbet, L.W.2
  • 18
    • 84936016411 scopus 로고
    • Performance Pay and Top-Management Incentives
    • JENSEN, M.C. AND K.J. MURPHY, "Performance Pay and Top-Management Incentives," Journal of Political Economy 98 (1990), 225-264.
    • (1990) Journal of Political Economy , vol.98 , pp. 225-264
    • Jensen, M.C.1    Murphy, K.J.2
  • 20
    • 21144479168 scopus 로고
    • The Effect of Adoption of Long-Term Performance Plans on Stock Prices and Accounting Numbers
    • KUMAR, R. AND P.R. SOPARIWALA, "The Effect of Adoption of Long-Term Performance Plans on Stock Prices and Accounting Numbers," Journal of Financial and Quantitative Analysis 27 (1992), 561-573.
    • (1992) Journal of Financial and Quantitative Analysis , vol.27 , pp. 561-573
    • Kumar, R.1    Sopariwala, P.R.2
  • 21
  • 22
    • 0002086751 scopus 로고
    • The Association between Performance Plan Adoption and Corporate Capital Investment
    • LARCKER, D., "The Association Between Performance Plan Adoption and Corporate Capital Investment," Journal of Accounting and Economics 5 (1983), 3-30.
    • (1983) Journal of Accounting and Economics , vol.5 , pp. 3-30
    • Larcker, D.1
  • 23
    • 0000140435 scopus 로고
    • Informational Asymmetries, Financial Structure and Financial Intermediation
    • LELAND, H.E. AND D.H. PYLE, "Informational Asymmetries, Financial Structure and Financial Intermediation," Journal of Finance 32 (1977), 372-387.
    • (1977) Journal of Finance , vol.32 , pp. 372-387
    • Leland, H.E.1    Pyle, D.H.2
  • 25
    • 0000026710 scopus 로고
    • The Principal-Agent Relationship with an Informed Principal, I: Private Values
    • MASKIN, E. AND J. TIROLE, "The Principal-Agent Relationship with an Informed Principal, I: Private Values," Econometrica 58 (1990), 379-409.
    • (1990) Econometrica , vol.58 , pp. 379-409
    • Maskin, E.1    Tirole, J.2
  • 26
    • 0002519279 scopus 로고
    • The Principal-Agent Relationship with an Informed Principal, II: Common Values
    • _ AND _, "The Principal-Agent Relationship with an Informed Principal, II: Common Values," Econometrica 60 (1992), 1-42.
    • (1992) Econometrica , vol.60 , pp. 1-42
  • 29
    • 0041412312 scopus 로고
    • Corporate Performance and Managerial Remuneration: An Empirical Analysis
    • MURPHY, K., "Corporate Performance and Managerial Remuneration: An Empirical Analysis," Journal of Accounting and Economics 1 (1985), 11-42.
    • (1985) Journal of Accounting and Economics , vol.1 , pp. 11-42
    • Murphy, K.1
  • 30
    • 0002970608 scopus 로고
    • Incentive Compatibility and the Bargaining Problem
    • MYERSON, R.B., "Incentive Compatibility and the Bargaining Problem," Econometrica 47 (1979), 61-73.
    • (1979) Econometrica , vol.47 , pp. 61-73
    • Myerson, R.B.1
  • 31
    • 0001845798 scopus 로고
    • Optimal Auction Design
    • _, "Optimal Auction Design," Mathematics of Operations Research 6 (1981), 58-73.
    • (1981) Mathematics of Operations Research , vol.6 , pp. 58-73
  • 32
    • 0003252343 scopus 로고
    • Bayesian Equilibrium and Incentive Compatibility: An Introduction
    • Cambridge, England: Cambridge University Press
    • _, "Bayesian Equilibrium and Incentive Compatibility: An Introduction," Social Goals and Social Organization, in Hurwicz, Schmeidler and Sonnenschein, eds., (Cambridge, England: Cambridge University Press, 1985).
    • (1985) Social Goals and Social Organization
    • Hurwicz1    Schmeidler2    Sonnenschein3
  • 33
    • 0000297121 scopus 로고
    • On the Efficiency of Stock-based Compensation
    • PAUL, J.M., "On the Efficiency of Stock-based Compensation," Review of Financial Studies 5 (1992), 471-502.
    • (1992) Review of Financial Studies , vol.5 , pp. 471-502
    • Paul, J.M.1
  • 36
    • 0001816476 scopus 로고
    • Contracts and the Market for Executives
    • L. Wernin and H. Wijkander, eds., Oxford, England: Basil Blackwell
    • ROSEN, S., "Contracts and the Market for Executives," Contract Economics, in L. Wernin and H. Wijkander, eds., (Oxford, England: Basil Blackwell, 1992).
    • (1992) Contract Economics
    • Rosen, S.1
  • 37
    • 0003957341 scopus 로고
    • Cambridge, MA: Harvard University Press
    • SPENCE, M., Market Signaling (Cambridge, MA: Harvard University Press, 1974).
    • (1974) Market Signaling
    • Spence, M.1
  • 38
    • 38149143849 scopus 로고
    • A Mechanism Design Approach to Transfer Pricing by the Multinational Firm
    • STOUGHTON, N.M. AND E. TALMOR, "A Mechanism Design Approach to Transfer Pricing by the Multinational Firm," European Economic Review 38 (1994), 143-170.
    • (1994) European Economic Review , vol.38 , pp. 143-170
    • Stoughton, N.M.1    Talmor, E.2
  • 39
    • 0039015245 scopus 로고    scopus 로고
    • CEO Incentive Contracts, Monitoring Costs, and Corporate Performance
    • TEVLIN, S., "CEO Incentive Contracts, Monitoring Costs, and Corporate Performance," New England Economic Review (1996), 39-50.
    • (1996) New England Economic Review , pp. 39-50
    • Tevlin, S.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.