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Keywords: Incentive
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Journal Articles
Managerial Finance (2018) 44 (8): 1047–1067.
Published: 30 July 2018
... option expensing. The result is robust to numerous tests, including rebalancing of incentives and CEO turnover. The paper aims to discuss these issues. Design/methodology/approach To establish causality, the authors exploit compensation changes instigated by FAS 123R accounting regulation in 2005...

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