Operating performance around the adoption of director incentive plans *
نویسنده
چکیده
Recently, numerous firms adopted incentive compensation plans for their outside directors. This study examines empirically the hypothesis that the adoption of such plans helps to improve the adopting firm’s operating performance by aligning the interests of directors and shareholders. The empirical tests do not reveal a significant link between the adoption of director incentive plans and operating performance improvements. Potential explanations for these findings are discussed. 2000 Elsevier Science S.A. All rights reserved.
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تاریخ انتشار 2000