Firm Value and Managerial Incentives

Keywords

Enterprise value, Incentive, Endogeneity, Tobin's q, Value (mathematics)

References

• CEO Stock-Based Compensation: An Empirical Analysis of Incentive-Intensity, Relative Mix, and Economic DeterminantsStephen Bryan, Lee‐Seok Hwang, Steven B. Lilien — 2000
• The Efficiency of Equity-Linked Compensation: Understanding the Full Cost of Awarding Executive Stock OptionsLisa K. Meulbroek — 2001
• The Impact of Analyst Following on Stock Prices and the Implications for Firms' Disclosure PoliciesBrett Trueman — 1996
• A General Approach to Serial CorrelationChristian Gouriéroux, Alain Monfort, Alain Trognon — 1985
• Management Ownership and Market Valuation: An Empirical AnalysisRandall Mørck, Andrei Shleifer, Robert W. Vishny — 1988
• Managerial compensation and the threat of takeoverAnup Agrawal, Charles R. Knoeber — 1998
• The Use of Equity Grants to Manage Optimal Equity Incentive LevelsJohn E. Core, Wayne R. Guay — 1999
• Understanding the determinants of managerial ownership and the link between ownership and performance: commentXianming Zhou — 2001
• A model for technical inefficiency effects in a stochastic frontier production function for panel dataGeorge E. Battese, Timothy Coelli — 1995
• Additional evidence on equity ownership and corporate valueJohn J. McConnell, Henri Servaes — 1990
• Efficiency Estimation from Cobb-Douglas Production Functions with Composed ErrorWim Meeusen, Julien van den Broeck — 1977
• The Endogeneity of Managerial Compensation in Firm Valuation: A SolutionDarius Palia — 2001
• Takeover Threats and Managerial MyopiaJeremy C. Stein — 1988
• Testing for Deliberate Underpricing in the IPO Premarket: A Stochastic Frontier ApproachJanet Hunt-McCool, Samuel C. Koh, Bill B. Francis — 1996
• The Structure of Corporate Ownership: Causes and ConsequencesHarold Demsetz, Kenneth Lehn — 1985
• The sensitivity of CEO wealth to equity risk: an analysis of the magnitude and determinants ☆Wayne R. Guay — 1999
• Agency Costs and Ownership StructureJames S. Ang, Rebel A. Cole, James Lin — 2000
• The Structure of Ownership and the Theory of the FirmHarold Demsetz — 1983
• Executive stock ownership and performance tracking faint tracesClaudio Loderer, Kenneth J. Martin — 1997
• Likelihood functions for generalized stochastic frontier estimationRodney Stevenson — 1980

Cited by

• L'impact de l'octroi d'options sur actions sur la performance et le risque : Cas des entreprises de la nouvelle économieAsma Bouchekoua — 2008
• National accounting rules in a globalised world (Pro and contra) ; pro - should the world embrace a single set of accounting standards?Robert E. Litan — 2002
• Power, rent extraction, and executive compensationLucian A. Bebchuk, Jesse M. Fried — 2002
• The impact of stock option incentives on investment and firm valueDaniel Pasternack, Matts Rosenberg — 2002
• Executive Board Members' Remuneration: A Longitudinal StudyThemistokles Lazarides, Evaggelos Drimpetas, Dimitrios N. Koufopoulos — 2009
• Investment Cash Flow Sensitivity and Managerial Optimism: A Literature Review Via the Classification Scheme TechniqueEzzeddine Ben Mohamed, Amel Baccar, Abdelfatteh Bouri — 2013
• Inefficiency of public road transport and internal corporate governance mechanismsSami Jarboui, Pascal Forget, Younés Boujelbène — 2014
• Managerial shareholdings, firm value, and acquired corporationsPaul Halpern, Robert L. Kieschnick, Wendy Rotenberg — 2005
• Managerial psychology and transport firms efficiency: a stochastic frontier analysisSami Jarboui — 2016
• Large Shareholders and Banks: Who Monitors and How?Yishay Yafeh, Oved Yosha — 2003
• Stock Options and Managerial Incentives to InvestTom Nohel, Steven K. Todd — 2004
• Disclosure Factors of Executive Managers Remuneration: A Probit ModelThemistokles Lazarides, Electra Pitoska — 2010
• Transport firms’ inefficiency and managerial optimism: A stochastic frontier analysisSami Jarboui, Pascal Forget, Younés Boujelbène — 2014
• Do CEOs personal characteristics matter on transport firm value? A stochastic frontier modelEzzeddine Ben Mohamed, Sami Jarboui, Amel Baccar — 2013
• On the effect of CEOs’ personal characteristics in transport firm value? A stochastic frontier modelEzzeddine Ben Mohamed, Sami Jarboui, Amel Baccar — 2015
• An Empirical Investigation of the Relationship between Corporate Ownership Structures and their Performances (Evidence from Tehran Stock Exchange)Mohammad Namazi, Ehsan Kermani — 2013
• Executive Compensation as an Agency ProblemLucian A. Bebchuk, Jesse M. Fried — 2003
• Do Corporate Governance Mechanisms Affect Public Transport Firm Value?Ben Mohamed Ezzeddine, Sami Jarboui — 2017
• Agency Problems and Its Impact and Relevance on Firms BorrowingsHafezali Iqbal-Hussain, Mohd Farid Shamsudin, Azlan Ali — 2015
• Is Investment-Cash Flow Sensitivity Caused by Agency Costs or Asymmetric Information? Evidence from the UKGrzegorz Pawlina, Luc Renneboog — 2005

Related papers

• Theory of the firm: Managerial behavior, agency costs and ownership structureMichael C. Jensen, William H. Meckling — 1976
• Agency Costs of Free Cash Flow, Corporate Finance, and TakeoversMichael C. Jensen — 1986
• Additional evidence on equity ownership and corporate valueJohn J. McConnell, Henri Servaes — 1990
• Management Ownership and Market Valuation: An Empirical AnalysisRandall Mørck, Andrei Shleifer, Robert W. Vishny — 1988
• Understanding the Determinants of Managerial Ownership and the Link Between Ownership and PerformanceCharles P. Himmelberg, R. Glenn Hubbard, Darius Palia — 1999
• Large Shareholders and Corporate ControlAndrei Shleifer, Robert W. Vishny — 1986
• The Structure of Corporate Ownership: Causes and ConsequencesHarold Demsetz, Kenneth Lehn — 1985
• A model for technical inefficiency effects in a stochastic frontier production function for panel dataGeorge E. Battese, Timothy Coelli — 1995
• Information Technology Effects on Firm Performance as Measured by Tobin's qAnandhi Bharadwaj, Sundar G. Bharadwaj, Benn R. Konsynski — 1999