search query: @author Larcker, D.F. / total: 10
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| Author: | Lambert, R.A. Larcker, D.F. Verrechia, R.V. |
| Title: | Portfolio consideration in valuing executive compensation |
| Journal: | Journal of Accounting Research
1991 : SPRING, VOL. 29:1, p.129-149 |
| Index terms: | ACCOUNTING ACCOUNTING THEORY |
| Language: | eng |
| Abstract: | The paper has proposed a framework for valuing a compensation contract from the point of view of a manager. The results indicate that if a risk-averse manager has a large portion of his own wealth tied to stock price, then the value of a compensation contract to him can significantly differ from the cost of a plan as perceived by the shareholders. Other results suggest complications with former results. |
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