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Keywords: Overcompensation
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Journal Articles
The role of director incentives in investment efficiency
Available to Purchase
Journal:
Corporate Governance
Corporate Governance (2023) 23 (4): 920–943.
Published: 23 January 2023
... overcompensation, however, will cancel out the positive effect of director compensation on investment efficiency. Firms with relatively lower unexpected investment (UI) level benefit the most from an increase in the relative director pay, while neither absolute nor relative director pay affects investment choices...
