Management Compensation and the Managerial Labor Market

@inproceedings{Jensen1985ManagementCA,
  title={Management Compensation and the Managerial Labor Market},
  author={Michael C. Jensen and Jerold L. Zimmerman},
  year={1985}
}
The papers in this volume and briefly summarized in this introduction document that: (1) executive compensation is positively related to share price performance: (2) poor firm performance is associated with increased executive turnover; (3) managers choose accounting accruals in ways, that increase the value of their bonus awards; (4) the adoption of new short- and long-term executive compensation plans and golden parachutes are associated with positive share price reactions; (5) the death of a… CONTINUE READING

References

Publications referenced by this paper.
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