Open Access System for Information Sharing

Login Library

 

Article
Cited 0 time in webofscience Cited 0 time in scopus
Metadata Downloads
Full metadata record
Files in This Item:
There are no files associated with this item.
DC FieldValueLanguage
dc.contributor.authorHahn, G.-
dc.contributor.authorKwon, J.Y.-
dc.date.available2019-12-10T12:30:22Z-
dc.date.created2019-11-26-
dc.date.issued2019-09-
dc.identifier.issn1229-2893-
dc.identifier.urihttps://oasis.postech.ac.kr/handle/2014.oak/100483-
dc.description.abstractThe study investigates how a publicly traded firm��s liquidation value and stock price are used in an executive compensation contract when information acquisition in the asset market is endogenized. If the inside owner offers market-based compensation contract to the risk-averse manager, the inside owner expects higher utility than when stock prices are excluded from the contract. If information cost displays an intermediate value, changes in the exogenous parameters generate the direct effect and the indirect effect via the information market. Finally, we find that the market-based compensation contract contributes to the increase of social welfare. ? 2019, Korean Econometric Society. All rights reserved.-
dc.languageEnglish-
dc.publisherKorean Econometric Society-
dc.titleMarket-based executive compensation contract under endogenous information acquisition-
dc.typeArticle-
dc.type.rimsART-
dc.identifier.bibliographicCitationJournal of Economic Theory and Econometrics, v.30, no.3, pp.1 - 49-
dc.citation.endPage49-
dc.citation.number3-
dc.citation.startPage1-
dc.citation.titleJournal of Economic Theory and Econometrics-
dc.citation.volume30-
dc.contributor.affiliatedAuthorHahn, G.-
dc.identifier.scopusid2-s2.0-85073436516-
dc.description.journalClass1-
dc.description.isOpenAccessN-
dc.type.docTypeArticle-
dc.subject.keywordAuthorInformation acquisition-
dc.subject.keywordAuthorMarket-based executive compensation-

qr_code

  • mendeley

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.

Related Researcher

Researcher

한광석HAHN, GUANGSUG
Div of Humanities and Social Sciences
Read more

Views & Downloads

Browse