The Association of R&D and Capital Expenditures with Subsequent Earnings Variability

@inproceedings{Amir2007TheAO,
  title={The Association of R&D and Capital Expenditures with Subsequent Earnings Variability},
  author={Eli Amir and Yanling Guan and Gilad Livne},
  year={2007}
}
  • Eli Amir, Yanling Guan, Gilad Livne
  • Published 2007
  • Economics
  • We examine whether the sensitivity of pay to performance is associated with the amount of insider trading that managers undertake. Because insider trading profits represent an alternative form of compensation, we expect that firms will consider the compensation component provided by insider trading when designing remuneration contracts. Employing a proxy for insider trading that captures the degree to which managers trade on private information, we find evidence that an increased (a decreased… CONTINUE READING

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