The Relationship between Corporate Compensation Policies and Investment Opportunities: Empirical Evidence for Large Bank Holding Companies (original) (raw)

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The Relationship between Corporate Compensation Policies and Investment Opportunities: Empirical Evidence for Large Bank Holding Companies

Financial Management, 1995

Abstract

* The existence and determinants of an optir policy for compensating top executives ar< issues in corporate finance. This paper investif the firm's set of investment opportunities amount and type of executive compensation investment-opportunity set potentially affects agency ...

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