【作者单位】a Lixin Accounting Research Institute, Shanghai Lixin University of Commerce, China; b Business School of Nanjing University, China
【年份】2012
【卷号】Vol.5No.4
【页码】269-292
【关键词】Profits and losses from changes in fair value Executive compensation Managerial power
【摘要】 According to optimal contracting theory, compensation contracts are effective in solving the agency problem between stockholders and managers. Executive compensation is naturally related to firm performance. However, contracts are not always perfect....
