Matches in SemOpenAlex for { <https://semopenalex.org/work/W2130149655> ?p ?o ?g. }
- W2130149655 endingPage "562" @default.
- W2130149655 startingPage "549" @default.
- W2130149655 abstract "This paper examines how the similarity between the executive compensation leverage ratio and the firm leverage ratio affects the quality of the firm’s investment decisions. A larger leverage gap (i.e., a bigger difference between these two ratios) leads to more investment distortions. Managers with more debt-like compensation components tend to under-invest, whereas managers with larger equity-based compensation engage more in over-investment. Furthermore, investment distortion is likely to increase the equity (debt) value when compensation leverage is lower (higher) than firm leverage. These findings suggest that managers can deviate from an optimal investment policy to increase the value of their portfolio, and that a lower leverage gap can reduce agency costs." @default.
- W2130149655 created "2016-06-24" @default.
- W2130149655 creator A5006156983 @default.
- W2130149655 creator A5027048882 @default.
- W2130149655 creator A5058601720 @default.
- W2130149655 date "2013-02-01" @default.
- W2130149655 modified "2023-10-02" @default.
- W2130149655 title "Capital structure, executive compensation, and investment efficiency" @default.
- W2130149655 cites W1551373862 @default.
- W2130149655 cites W1955875570 @default.
- W2130149655 cites W1991780088 @default.
- W2130149655 cites W1997209669 @default.
- W2130149655 cites W2000578291 @default.
- W2130149655 cites W2020970716 @default.
- W2130149655 cites W2031677017 @default.
- W2130149655 cites W2035431235 @default.
- W2130149655 cites W2043748962 @default.
- W2130149655 cites W2052167708 @default.
- W2130149655 cites W2067879024 @default.
- W2130149655 cites W2069090016 @default.
- W2130149655 cites W2074270440 @default.
- W2130149655 cites W2077791698 @default.
- W2130149655 cites W2089556049 @default.
- W2130149655 cites W2094837572 @default.
- W2130149655 cites W2104795328 @default.
- W2130149655 cites W2117178635 @default.
- W2130149655 cites W2120570605 @default.
- W2130149655 cites W2124115302 @default.
- W2130149655 cites W2124532504 @default.
- W2130149655 cites W2125720994 @default.
- W2130149655 cites W2131921554 @default.
- W2130149655 cites W2134286581 @default.
- W2130149655 cites W2134760438 @default.
- W2130149655 cites W2145377320 @default.
- W2130149655 cites W2149088624 @default.
- W2130149655 cites W2163766194 @default.
- W2130149655 cites W2171798971 @default.
- W2130149655 cites W2752617332 @default.
- W2130149655 cites W2890782469 @default.
- W2130149655 cites W3021302892 @default.
- W2130149655 cites W3122136141 @default.
- W2130149655 cites W3122509420 @default.
- W2130149655 cites W3124114405 @default.
- W2130149655 cites W3124540601 @default.
- W2130149655 cites W3125098291 @default.
- W2130149655 cites W3125299675 @default.
- W2130149655 cites W3125510660 @default.
- W2130149655 cites W3126023247 @default.
- W2130149655 cites W4232274896 @default.
- W2130149655 cites W4233420185 @default.
- W2130149655 cites W4251380393 @default.
- W2130149655 doi "https://doi.org/10.1016/j.jbankfin.2012.09.011" @default.
- W2130149655 hasPublicationYear "2013" @default.
- W2130149655 type Work @default.
- W2130149655 sameAs 2130149655 @default.
- W2130149655 citedByCount "72" @default.
- W2130149655 countsByYear W21301496552013 @default.
- W2130149655 countsByYear W21301496552014 @default.
- W2130149655 countsByYear W21301496552015 @default.
- W2130149655 countsByYear W21301496552016 @default.
- W2130149655 countsByYear W21301496552017 @default.
- W2130149655 countsByYear W21301496552018 @default.
- W2130149655 countsByYear W21301496552019 @default.
- W2130149655 countsByYear W21301496552020 @default.
- W2130149655 countsByYear W21301496552021 @default.
- W2130149655 countsByYear W21301496552022 @default.
- W2130149655 countsByYear W21301496552023 @default.
- W2130149655 crossrefType "journal-article" @default.
- W2130149655 hasAuthorship W2130149655A5006156983 @default.
- W2130149655 hasAuthorship W2130149655A5027048882 @default.
- W2130149655 hasAuthorship W2130149655A5058601720 @default.
- W2130149655 hasConcept C10138342 @default.
- W2130149655 hasConcept C119857082 @default.
- W2130149655 hasConcept C120527767 @default.
- W2130149655 hasConcept C124972522 @default.
- W2130149655 hasConcept C129361004 @default.
- W2130149655 hasConcept C144133560 @default.
- W2130149655 hasConcept C149933338 @default.
- W2130149655 hasConcept C151392489 @default.
- W2130149655 hasConcept C153083717 @default.
- W2130149655 hasConcept C155530773 @default.
- W2130149655 hasConcept C162324750 @default.
- W2130149655 hasConcept C175444787 @default.
- W2130149655 hasConcept C17744445 @default.
- W2130149655 hasConcept C199539241 @default.
- W2130149655 hasConcept C199728807 @default.
- W2130149655 hasConcept C2780821815 @default.
- W2130149655 hasConcept C39389867 @default.
- W2130149655 hasConcept C41008148 @default.
- W2130149655 hasConcept C556758197 @default.
- W2130149655 hasConcept C73116969 @default.
- W2130149655 hasConceptScore W2130149655C10138342 @default.
- W2130149655 hasConceptScore W2130149655C119857082 @default.
- W2130149655 hasConceptScore W2130149655C120527767 @default.
- W2130149655 hasConceptScore W2130149655C124972522 @default.
- W2130149655 hasConceptScore W2130149655C129361004 @default.
- W2130149655 hasConceptScore W2130149655C144133560 @default.
- W2130149655 hasConceptScore W2130149655C149933338 @default.