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Stock-Based versus Cash Compensation: Does the Correlation between Earnings and Stock Returns Matter?
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Shin, Jae Yong | - |
dc.date.accessioned | 2010-01-15T06:54:41Z | - |
dc.date.available | 2010-01-15T06:54:41Z | - |
dc.date.issued | 2009-06 | - |
dc.identifier.citation | Seoul Journal of Business, Vol.15 No.1, pp. 121-163 | - |
dc.identifier.issn | 1226-9816 | - |
dc.identifier.uri | https://hdl.handle.net/10371/32138 | - |
dc.description.abstract | I empirically examine the role of the correlation between earnings and
stock returns in determining the structure of compensation packages for top executives. I develop two competing hypotheses on the relation between the returns-earnings correlation and the structure of executive compensation and empirically test the association between the returnsearnings correlation and use of stock-based pay. The results show that the returns-earnings correlation is positively associated with the use of stock-based compensation, after controlling for other determinants of stock-based compensation such as firm size and firms growth opportunities. | - |
dc.language.iso | en | - |
dc.publisher | College of Business Administration (경영대학) | - |
dc.subject | returns-earnings correlation | - |
dc.subject | executive compensation | - |
dc.subject | stock-based pay | - |
dc.title | Stock-Based versus Cash Compensation: Does the Correlation between Earnings and Stock Returns Matter? | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | 신재용 | - |
dc.citation.journaltitle | Seoul Journal of Business | - |
dc.citation.endpage | 163 | - |
dc.citation.number | 1 | - |
dc.citation.pages | 121-163 | - |
dc.citation.startpage | 121 | - |
dc.citation.volume | 15 | - |
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