FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W1844672281> ?p ?o ?g. }

• W1844672281 abstract "Stock-based compensation has been viewed as an important mechanism for tying managers’ wealth to firm performance, and thus alleviating the agency conflict between the shareholders and the managers when ownership is diffused. However, in a concentrated ownership structure, controlling owners are usually the management of the firm; they can engage in self-dealing activities to the detriment of minority shareholders’ interests. Yet, outside investors may anticipate the problem and discount the share price for the entrenchment behaviors they observe. In this study, we investigate how controlling owners trade off the benefits and the costs of using stock-based compensation. Based on a sample of Taiwanese firms, our evidence shows that stock-based compensation is negatively related to the agency problem embedded in a concentrated ownership structure. This relationship is evident among firms with more frequent equity offerings. Overall, our empirical evidence suggests that controlling owners consider the negative price effects of stock-based compensation and trade off these costs with the benefits of expropriating minority shareholders’ interests, particularly when firms seek more external equity capital. Our results hold after controlling for selection bias and share collateral by controlling owners." @default.
• W1844672281 created "2016-06-24" @default.
• W1844672281 creator A5019238601 @default.
• W1844672281 creator A5031685749 @default.
• W1844672281 date "2016-01-01" @default.
• W1844672281 modified "2023-09-25" @default.
• W1844672281 title "Stock-Based Compensation in a Concentrated Ownership Setting: An Empirical Investigation" @default.
• W1844672281 cites W1494322119 @default.
• W1844672281 cites W1587395313 @default.
• W1844672281 cites W1606272114 @default.
• W1844672281 cites W2017986849 @default.
• W1844672281 cites W2019940658 @default.
• W1844672281 cites W2031987703 @default.
• W1844672281 cites W2105662497 @default.
• W1844672281 cites W2120744852 @default.
• W1844672281 cites W2145377320 @default.
• W1844672281 cites W2155099584 @default.
• W1844672281 cites W2323356144 @default.
• W1844672281 cites W2752617332 @default.
• W1844672281 cites W3121297842 @default.
• W1844672281 cites W3121332075 @default.
• W1844672281 cites W3121693921 @default.
• W1844672281 cites W3121734384 @default.
• W1844672281 cites W3122340701 @default.
• W1844672281 cites W3122541360 @default.
• W1844672281 cites W3122991787 @default.
• W1844672281 cites W3123091495 @default.
• W1844672281 cites W3124256169 @default.
• W1844672281 cites W3124302192 @default.
• W1844672281 cites W3124540601 @default.
• W1844672281 cites W3124737373 @default.
• W1844672281 cites W3125199115 @default.
• W1844672281 cites W3125450108 @default.
• W1844672281 cites W3125688476 @default.
• W1844672281 cites W3125701181 @default.
• W1844672281 cites W3125941754 @default.
• W1844672281 cites W4213205397 @default.
• W1844672281 doi "https://doi.org/10.1111/jbfa.12167" @default.
• W1844672281 hasPublicationYear "2016" @default.
• W1844672281 type Work @default.
• W1844672281 sameAs 1844672281 @default.
• W1844672281 citedByCount "0" @default.
• W1844672281 crossrefType "journal-article" @default.
• W1844672281 hasAuthorship W1844672281A5019238601 @default.
• W1844672281 hasAuthorship W1844672281A5031685749 @default.
• W1844672281 hasConcept C10138342 @default.
• W1844672281 hasConcept C111472728 @default.
• W1844672281 hasConcept C120757647 @default.
• W1844672281 hasConcept C127413603 @default.
• W1844672281 hasConcept C138885662 @default.
• W1844672281 hasConcept C144133560 @default.
• W1844672281 hasConcept C148126853 @default.
• W1844672281 hasConcept C151392489 @default.
• W1844672281 hasConcept C151730666 @default.
• W1844672281 hasConcept C162324750 @default.
• W1844672281 hasConcept C166052673 @default.
• W1844672281 hasConcept C175444787 @default.
• W1844672281 hasConcept C17744445 @default.
• W1844672281 hasConcept C199539241 @default.
• W1844672281 hasConcept C199728807 @default.
• W1844672281 hasConcept C200707436 @default.
• W1844672281 hasConcept C204036174 @default.
• W1844672281 hasConcept C2780299701 @default.
• W1844672281 hasConcept C2780762169 @default.
• W1844672281 hasConcept C2780938662 @default.
• W1844672281 hasConcept C36673458 @default.
• W1844672281 hasConcept C39389867 @default.
• W1844672281 hasConcept C556758197 @default.
• W1844672281 hasConcept C78519656 @default.
• W1844672281 hasConcept C86803240 @default.
• W1844672281 hasConceptScore W1844672281C10138342 @default.
• W1844672281 hasConceptScore W1844672281C111472728 @default.
• W1844672281 hasConceptScore W1844672281C120757647 @default.
• W1844672281 hasConceptScore W1844672281C127413603 @default.
• W1844672281 hasConceptScore W1844672281C138885662 @default.
• W1844672281 hasConceptScore W1844672281C144133560 @default.
• W1844672281 hasConceptScore W1844672281C148126853 @default.
• W1844672281 hasConceptScore W1844672281C151392489 @default.
• W1844672281 hasConceptScore W1844672281C151730666 @default.
• W1844672281 hasConceptScore W1844672281C162324750 @default.
• W1844672281 hasConceptScore W1844672281C166052673 @default.
• W1844672281 hasConceptScore W1844672281C175444787 @default.
• W1844672281 hasConceptScore W1844672281C17744445 @default.
• W1844672281 hasConceptScore W1844672281C199539241 @default.
• W1844672281 hasConceptScore W1844672281C199728807 @default.
• W1844672281 hasConceptScore W1844672281C200707436 @default.
• W1844672281 hasConceptScore W1844672281C204036174 @default.
• W1844672281 hasConceptScore W1844672281C2780299701 @default.
• W1844672281 hasConceptScore W1844672281C2780762169 @default.
• W1844672281 hasConceptScore W1844672281C2780938662 @default.
• W1844672281 hasConceptScore W1844672281C36673458 @default.
• W1844672281 hasConceptScore W1844672281C39389867 @default.
• W1844672281 hasConceptScore W1844672281C556758197 @default.
• W1844672281 hasConceptScore W1844672281C78519656 @default.
• W1844672281 hasConceptScore W1844672281C86803240 @default.
• W1844672281 hasLocation W18446722811 @default.
• W1844672281 hasOpenAccess W1844672281 @default.
• W1844672281 hasPrimaryLocation W18446722811 @default.
• W1844672281 hasRelatedWork W1482331581 @default.
• W1844672281 hasRelatedWork W1487220579 @default.

• next