CEO compensation and loan contracting
The agency theory literature implies the pay-performance based managerial compensation can relieve the agency problem between shareholders and managers. As the interests of shareholders and managers are aligned, managers have incentive to invest in best projects and hence to improve firms’ performan...
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| Format: | Others |
| Language: | en |
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Digital Commons @ Lingnan University
2011
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| Online Access: | https://commons.ln.edu.hk/econ_etd/3 https://commons.ln.edu.hk/cgi/viewcontent.cgi?article=1002&context=econ_etd |