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- W2075129251 endingPage "81" @default.
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- W2075129251 abstract "This study examines compensation changes among top executives of formerly privately held stock insurers and mutual insurers at the time around an initial public offering. This study explains how CEO compensation changes following an IPO differ between these two types of insurers owing to their differing agency characteristics. The results also show that CEOs’ benefits increase materially following an IPO. The authors find evidence that reduced ownership retention by managers increases agency costs and CEOs of mutual insurers exploit their positions and increase their reward at the expense of policyholders." @default.
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- W2075129251 date "2002-12-01" @default.
- W2075129251 modified "2023-09-26" @default.
- W2075129251 title "An examination of the benefits for privately‐held and mutual insurers’ CEOs following an IPO" @default.
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- W2075129251 doi "https://doi.org/10.1108/03074350210768211" @default.
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