...Adam Welker Purpose Prior studies show that accounting considerations related to executive compensation impact managerial incentives, which in turn can impact real investment. These studies, however, largely omit the role of one key incentive: the duration of executive compensation. This study...

... extraordinary items (EBEI) and cash flow using 1984‐1993 US data; and finds EBEI is most closely related. Examines EVA’s incentive effects on management investing, financing and operating decisions and shows that, although EVA users decreased new investment, increased dispositions of assets, increased share...

...Barbara M. Yates; David E. Tinius Discusses previous research on the disincentive effects of some management performance measures on capital investment and the relationship between agency mechanisms (responsibility centre performance measures, tax incentives, compensation schemes and ownership...