메뉴 건너뛰기




Volumn 27, Issue 2, 2011, Pages 376-425

Ties that truly bind: Noncompetition agreements, executive compensation, and firm investment

Author keywords

[No Author keywords available]

Indexed keywords


EID: 79959729813     PISSN: 87566222     EISSN: 14657341     Source Type: Journal    
DOI: 10.1093/jleo/ewp033     Document Type: Article
Times cited : (358)

References (60)
  • 2
    • 33845209515 scopus 로고    scopus 로고
    • Firm location and the creation and utilization of human capital
    • Almazan, A., A. de Motta, and S. Titman. 2003. "Firm Location and the Creation and Utilization of Human Capital." Working Paper, NBER.
    • (2003) Working Paper NBER
    • Almazan, A.1    De Motta, A.2    Titman, S.3
  • 3
    • 59649107940 scopus 로고    scopus 로고
    • The return to firm investments in human capital
    • Almeida, R., and P. Carneiro. 2009. "The Return to Firm Investments in Human Capital," 16 Labour Economics 97-106.
    • (2009) Labour Economics , vol.16 , pp. 97-106
    • Almeida, R.1    Carneiro, P.2
  • 4
    • 11944251241 scopus 로고    scopus 로고
    • Log-concave probability and its applications
    • DOI 10.1007/s00199-004-0514-4
    • Bagnoli, M., and T. Bergstrom. 2005. "Log-Concave Probability and Its Applications," 26 Economic Theory 445-69. (Pubitemid 40101474)
    • (2005) Economic Theory , vol.26 , Issue.2 , pp. 445-469
    • Bagnoli, M.1    Bergstrom, T.2
  • 5
    • 0344032944 scopus 로고    scopus 로고
    • Make versus buy in trucking: Asset ownership, job design, and information
    • DOI 10.1257/000282803322156981
    • Baker, G., and T. Hubbard. 2003. "Make Versus Buy in Trucking: Asset Ownership, Job Design, and Information," 93 American Economic Review 551-72. (Pubitemid 38799566)
    • (2003) American Economic Review , vol.93 , Issue.3 , pp. 551-572
    • Baker, G.P.1    Hubbard, T.N.2
  • 6
    • 10444228143 scopus 로고    scopus 로고
    • Contractibility and asset ownership: On-board computers and governance in U. S. trucking
    • DOI 10.1162/0033553042476152
    • -. 2004. "Contractibility and Asset Ownership: On-Board Computers and Governance in U.S. Trucking," 119 Quarterly Journal of Economics 1443-79. (Pubitemid 39636919)
    • (2004) Quarterly Journal of Economics , vol.119 , Issue.4 , pp. 1443-1479
    • Baker, G.P.1    Hubbard, T.N.2
  • 7
    • 84888080595 scopus 로고
    • Business location decisions in the united states: Estimates of the effects of unionization, taxes, and other characteristics of states
    • Bartik, T. 1985. Business Location Decisions in the United States: Estimates of the Effects of Unionization, Taxes, and Other Characteristics of States, 3 Journal of Business and Economic Statistics 14-22.
    • (1985) Journal of Business and Economic Statistics , vol.3 , pp. 14-22
    • Bartik, T.1
  • 8
    • 1342268967 scopus 로고    scopus 로고
    • Firms' decisions where to incorporate
    • Bebchuk, L., and A. Cohen. 2003. "Firms' Decisions Where to Incorporate," 46 Journal of Law and Economics 383-425. (Pubitemid 38260108)
    • (2003) Journal of Law and Economics , vol.46 , Issue.2 , pp. 383-425
    • Bebchuk, L.A.1    Cohen, A.2
  • 9
    • 0142072768 scopus 로고    scopus 로고
    • Law, endowments, and finance
    • DOI 10.1016/S0304-405X(03)00144-2, PII S0304405X03001442
    • Beck, T., A. Demirguc-Kunt, and R. Levine. 2003. "Law, Endowments, and Finance," 70 Journal of Financial Economics 137-81. (Pubitemid 37291458)
    • (2003) Journal of Financial Economics , vol.70 , Issue.2 , pp. 137-181
    • Beck, T.1    Demirguc-Kunt, A.2    Levine, R.3
  • 10
    • 0004256525 scopus 로고
    • Chicago, IL: University of Chicago Press
    • Becker, G. 1993. Human Capital. Chicago, IL: University of Chicago Press.
    • (1993) Human Capital
    • Becker, G.1
  • 11
    • 79959741730 scopus 로고    scopus 로고
    • To give or not to give: Enforceability of covenants not to compete in texas
    • Bundren, R. 2005. "To Give or Not to Give: Enforceability of Covenants Not to Compete in Texas," 57 Baylor Law Review 273-301.
    • (2005) Baylor Law Review , vol.57 , pp. 273-301
    • Bundren, R.1
  • 12
    • 0001543399 scopus 로고
    • The location and employment decisions of new firms: An econometric model with discrete and continuous exogenous variables
    • Carlton, D. 1983. The Location and Employment Decisions of New Firms: An Econometric Model with Discrete and Continuous Exogenous Variables, 65 Review of Economics and Statistics 440-49.
    • (1983) Review of Economics and Statistics , vol.65 , pp. 440-449
    • Carlton, D.1
  • 13
    • 0035373515 scopus 로고    scopus 로고
    • Bundling human capital with organizational context: The impact of international assignment experience on multinational firm performance and CEO pay
    • Carpenter, M., G. Sanders, and H. Gregersen. 2001. "Bundling Human Capital with Organizational Context: The Impact of International Assignment Experience on Multinational Firm Performance and CEO Pay," 44 The Academy of Management Journal 493-511. (Pubitemid 33388139)
    • (2001) Academy of Management Journal , vol.44 , Issue.3 , pp. 493-511
    • Carpenter, M.A.1    Sanders, Wm.G.2    Gregersen, H.B.3
  • 14
    • 2942748348 scopus 로고    scopus 로고
    • Executive option repricing, incentives, and retention
    • DOI 10.1111/j.1540-6261.2004.00659.x
    • Chen, M. 2004. "Executive Option Repricing, Incentives, and Retention," 59 Journal of Finance 1167-99. (Pubitemid 38799759)
    • (2004) Journal of Finance , vol.59 , Issue.3 , pp. 1167-1199
    • Chen, M.A.1
  • 15
    • 79959722073 scopus 로고    scopus 로고
    • New concerns for traditional noncompetes
    • November 3
    • Cheskin, M., and B. Lerner. 2003. "New Concerns for Traditional Noncompetes." National Law Journal, November 3, 17.
    • (2003) National Law Journal , pp. 17
    • Cheskin, M.1    Lerner, B.2
  • 16
    • 0001164825 scopus 로고
    • Initial human and financial capital as predictors of new venture performance
    • Cooper, A., J. Gimeno-Gascon, and C. Woo. 1994. "Initial Human and Financial Capital as Predictors of New Venture Performance," 9 Journal of Business Venturing 371-95.
    • (1994) Journal of Business Venturing , vol.9 , pp. 371-395
    • Cooper, A.1    Gimeno-Gascon, J.2    Woo, C.3
  • 17
    • 0039028808 scopus 로고    scopus 로고
    • A theory of bank capital
    • Diamond, D., and R. Rajan. 2000. "A Theory of Bank Capital," 55 Journal of Finance 2431-65.
    • (2000) Journal of Finance , vol.55 , pp. 2431-2465
    • Diamond, D.1    Rajan, R.2
  • 18
    • 0037263472 scopus 로고    scopus 로고
    • Employee reload options: Pricing, hedging, and optimal exercise
    • Dybvig, P., and M. Loewenstein. 2003. "Employee Reload Options: Pricing, Hedging, and Optimal Exercise," 16 Review of Financial Studies 145-71. (Pubitemid 37496162)
    • (2003) Review of Financial Studies , vol.16 , Issue.1 , pp. 145-171
    • Dybvig, P.H.1    Loewenstein, M.2
  • 19
    • 0040799900 scopus 로고    scopus 로고
    • The geographic concentration of industry: Does natural advantage explain agglomeration?
    • Ellison, G., and E. Glaeser. 1999. "The Geographic Concentration of Industry: Does Natural Advantage Explain Agglomeration?" 89 American Economic Review 311-16.
    • (1999) American Economic Review , vol.89 , pp. 311-316
    • Ellison, G.1    Glaeser, E.2
  • 20
  • 21
    • 33749660783 scopus 로고    scopus 로고
    • Job-hopping in silicon valley: Some evidence concerning the microfoundations of a high-technology cluster
    • DOI 10.1162/rest.88.3.472
    • Fallick, B., Fleishman, C., and J. Rebitzer. 2006. "Job-Hopping in Silicon Valley: Some Evidence Concerning the Microfoundations of a High-Technology Cluster," 88 Review of Economics and Statistics 472-81. (Pubitemid 44554718)
    • (2006) Review of Economics and Statistics , vol.88 , Issue.3 , pp. 472-481
    • Fallick, B.1    Fleischman, C.A.2    Rebitzer, J.B.3
  • 22
    • 20444407345 scopus 로고    scopus 로고
    • Ownership and control in outsourcing to China: Estimating the property-rights theory of the firm
    • DOI 10.1162/0033553053970188
    • Feenstra, R., and G. Hanson. 2005. "Owner and Control in Outsourcing to China: Estimating the Property-Rights Theory of the Firm," 120 Quarterly Journal of Economics 729-61. (Pubitemid 40801684)
    • (2005) Quarterly Journal of Economics , vol.120 , Issue.2 , pp. 729-761
    • Feenstra, R.C.1    Hanson, G.H.2
  • 23
    • 79959735079 scopus 로고    scopus 로고
    • Drafting effective noncompetition covenants: The incredible darkness of light v. centel cellular
    • Fowler, W. 2002. "Drafting Effective Noncompetition Covenants: The Incredible Darkness of Light v. Centel Cellular." Working Paper, Dallas Bar Association.
    • (2002) Working Paper, Dallas Bar Association
    • Fowler, W.1
  • 28
    • 84897711429 scopus 로고
    • Optimal incentive contracts in the presence of career concerns: Theory and evidence
    • -. 1992b. "Optimal Incentive Contracts in the Presence of Career Concerns: Theory and Evidence," 100 Journal of Political Economy 468-506.
    • (1992) Journal of Political Economy , vol.100 , pp. 468-506
    • Gibbons, R.1    Murphy, K.2
  • 30
    • 22644448940 scopus 로고    scopus 로고
    • The legal infrastructure f high technology industrial districts: Silicon Valley, route 128, and covenants not to compete
    • Gilson, R. 1999. "The Legal Infrastructure f High Technology Industrial Districts: Silicon Valley, Route 128, and Covenants Not to Compete," 74 New York University Law Review 575-629.
    • (1999) New York University Law Review , vol.74 , pp. 575-629
    • Gilson, R.1
  • 31
    • 0038980895 scopus 로고    scopus 로고
    • The origins of technology-skill complementarity
    • Goldin, C., and L. Katz. 1998. "The Origins of Technology-Skill Complementarity," 113 Quarterly Journal of Economics 693-732. (Pubitemid 128116310)
    • (1998) Quarterly Journal of Economics , vol.113 , Issue.3 , pp. 693-732
    • Goldin, C.1    Katz, L.F.2
  • 32
    • 84936194550 scopus 로고
    • The costs and benefts of ownership: A theory of vertical and lateral integration
    • Grossman, S., and O. Hart. 1986. "The Costs and Benefts of Ownership: A Theory of Vertical and Lateral Integration," 94 Journal of Political Economy 691-719.
    • (1986) Journal of Political Economy , vol.94 , pp. 691-719
    • Grossman, S.1    Hart, O.2
  • 33
    • 0036253161 scopus 로고    scopus 로고
    • The financing of research and development
    • Hall, B. 2002. "The Financing of Research and Development," 18 Oxford Review of Economic Policy 35-51. (Pubitemid 34463905)
    • (2002) Oxford Review of Economic Policy , vol.18 , Issue.1 , pp. 35-51
    • Hall, B.H.1
  • 34
    • 84934453985 scopus 로고
    • Property rights and the nature of the firm
    • Hart, O., and J. Moore. 1990. "Property Rights and the Nature of the Firm," 98 Journal of Political Economy 1119-58.
    • (1990) Journal of Political Economy , vol.98 , pp. 1119-1158
    • Hart, O.1    Moore, J.2
  • 35
    • 84960599817 scopus 로고
    • A theory of debt based on the inalienability of human capital
    • -. 1994. "A Theory of Debt Based on the Inalienability of Human Capital," 109 Quarterly Journal of Economics 841-79.
    • (1994) Quarterly Journal of Economics , vol.109 , pp. 841-879
    • Hart, O.1    Moore, J.2
  • 36
    • 0035402416 scopus 로고    scopus 로고
    • Firm performance and executive compensation in the savings and loan industry
    • DOI 10.1016/S0304-405X(01)00058-7, PII S0304405X01000587
    • Hermalin, B., and N. Wallace. 2001. "Firm Performance and Executive Compensation in the Savings and Loan Industry," 61 Journal of Financial Economics 139-70. (Pubitemid 33376369)
    • (2001) Journal of Financial Economics , vol.61 , Issue.1 , pp. 139-170
    • Hermalin, B.E.1    Wallace, N.E.2
  • 38
    • 4043132434 scopus 로고    scopus 로고
    • Identifying the effects of the Americans with disabilities act using state-law variation: Preliminary evidence on educational participation effects
    • DOI 10.1257/0002828041301867
    • Jolls, C. 2004. "Identifying the Effects of the Americans with Disabilities Act Using State-Law Variation: Preliminary Evidence on Educational Participation Effects," 94 American Economic Review 447-53. (Pubitemid 39057134)
    • (2004) American Economic Review , vol.94 , Issue.2 , pp. 447-453
    • Jolls, C.1
  • 39
    • 0038660446 scopus 로고    scopus 로고
    • Financial contracting theory meets the real world: An empirical analysis of venture capital contracts
    • DOI 10.1111/1467-937X.00245
    • Kaplan, S., and P. Stromberg. 2003. "Financial Contracting: Theory Meets the Real World: An Empirical Analysis of Venture Capital Contracts," 70 Review of Economic Studies 281-315. (Pubitemid 36647258)
    • (2003) Review of Economic Studies , vol.70 , Issue.2 , pp. 281-315
    • Kaplan, S.N.1    Stromberg, P.2
  • 40
    • 0030637314 scopus 로고    scopus 로고
    • The complexity of compensation contracts
    • PII S0304405X96008884
    • Kole, S. 1997. "The Complexity of Compensation Contracts," 43 Journal of Financial Economics 79-104. (Pubitemid 127162165)
    • (1997) Journal of Financial Economics , vol.43 , Issue.1 , pp. 79-104
    • Kole, S.R.1
  • 45
    • 79959756301 scopus 로고    scopus 로고
    • Endogenous technological progress and the cross section of stock returns
    • Lin, X. 2007. "Endogenous Technological Progress and the Cross Section of Stock Returns." Working Paper, University of Minnesota.
    • (2007) Working Paper University of Minnesota
    • Lin, X.1
  • 47
    • 79959720689 scopus 로고    scopus 로고
    • Noncompetes and inventor mobility: Specialists, stars, and the michigan experiment
    • Marx, M., D. Strumsky, and L. Fleming. 2007. "Noncompetes and Inventor Mobility: Specialists, Stars, and the Michigan Experiment." Working Paper, Harvard Business School.
    • (2007) Working Paper Harvard Business School
    • Marx, M.1    Strumsky, D.2    Fleming, L.3
  • 48
    • 84976921754 scopus 로고
    • Contribution of social contacts to managers' incomes
    • Meverson, E. 1994. "Contribution of Social Contacts to Managers' Incomes," 37 Acta Sociologica 383-99.
    • (1994) Acta Sociologica , vol.37 , pp. 383-399
    • Meverson, E.1
  • 49
    • 85037006448 scopus 로고    scopus 로고
    • On preservation of increasing hazard rate under convolution
    • University of Pennsylvania
    • Miravete, E. J. 2001. "On Preservation of Increasing Hazard Rate Under Convolution." CARESS Working Paper 01-05, University of Pennsylvania.
    • (2001) CARESS Working Paper 01-05
    • Miravete, E.J.1
  • 50
    • 0039027651 scopus 로고    scopus 로고
    • Taking stock: Equity-based compensation and the evolution of managerial ownership
    • Ofek, E., and D. Yermack. 2000. "Taking Stock: Equity-Based Compensation and the Evolution of Managerial Ownership," 55 Journal of Finance 1367-84.
    • (2000) Journal of Finance , vol.55 , pp. 1367-1384
    • Ofek, E.1    Yermack, D.2
  • 51
    • 0040163793 scopus 로고    scopus 로고
    • Fiscal year ends and nonlinear incentive contracts: The effect on business seasonality
    • Oyer, P. 1998. "Fiscal Year Ends and Nonlinear Incentive Contracts: The Effect on Business Seasonality," 113 Quarterly Journal of Economics 149-85. (Pubitemid 128345656)
    • (1998) Quarterly Journal of Economics , vol.113 , Issue.1 , pp. 149-185
    • Oyer, P.1
  • 55
    • 0040970609 scopus 로고    scopus 로고
    • The firm as a dedicated hierarchy: A theory of the origins and growth of firms
    • DOI 10.1162/00335530152466241
    • Rajan, R., and L. Zingales. 2001. "The Firm as a Dedicated Hierarchy: A Theory of the Origins and Growth of Firms," 116 Quarterly Journal of Economics 805-51. (Pubitemid 33583976)
    • (2001) Quarterly Journal of Economics , vol.116 , Issue.3 , pp. 805-851
    • Rajan, R.G.1    Zingales, L.2
  • 56
    • 0003420344 scopus 로고    scopus 로고
    • Cambridge, MA: Harvard University Press
    • Saxenian, A. 1996. Regional Advantage. Cambridge, MA: Harvard University Press.
    • (1996) Regional Advantage
    • Saxenian, A.1
  • 58
    • 79959719768 scopus 로고    scopus 로고
    • Liquidity events, noncompete covenants and the geographic distribution of entrepreneurial activity
    • Stuart, T., and O. Sorenson. 2002. "Liquidity Events, Noncompete Covenants and the Geographic Distribution of Entrepreneurial Activity." Working Paper, UCLA Anderson School.
    • (2002) Working Paper, UCLA Anderson School
    • Stuart, T.1    Sorenson, O.2
  • 59
    • 10244236623 scopus 로고    scopus 로고
    • The louisiana legislature's response to SWAT 24 Shreveport bossier, Inc. v. Bond: The noncompete pendulum swings toward debt peonage. Will the judiciary's answer achieve the fragile employer-employee balance?
    • Terrell, D. 2004. "The Louisiana Legislature's Response to SWAT 24 Shreveport Bossier, Inc. v. Bond: The Noncompete Pendulum Swings Toward Debt Peonage. Will the Judiciary's Answer Achieve the Fragile Employer-Employee Balance?" 64 Louisiana Law Review 699-730.
    • (2004) Louisiana Law Review , vol.64 , pp. 699-730
    • Terrell, D.1
  • 60
    • 33846472991 scopus 로고    scopus 로고
    • The effect of state laws on capital structure
    • Wald, J., and M. Long. 2007. "The Effect of State Laws on Capital Structure," 83 Journal of Financial Economics 297-319.
    • (2007) Journal of Financial Economics , vol.83 , pp. 297-319
    • Wald, J.1    Long, M.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.