This paper examines the joint hypotheses that firms set optimal levels for CEO incentives, and that firms and CEOs jointly correct deviations from these optimal levels through equity grants and CEO portfolio rebalancing. I investigate two equity-based CEO incentives, pay-forperformance sensitivity and risk-taking incentive. Pay-for-performance sensitivity is defined as the change in CEO wealth ...

Based on data of all listed insurance companies in Jordan over the period 2008-2018, study investigates effect chairman board directors (chair) and chief executive officer (CEO) age variation risk-taking behavior via different chair-CEO proxies. Risk-taking is measured by total risk, a proxy set up market’s risk perception. Thus, finds evidence that tends to decrease practice Jordan’s companies...