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| Author: | Campbell, C. J. Wasley, C. E. |
| Title: | Stock-based incentive contracts and managerial performance: the case of Ralston Purina Company. |
| Journal: | Journal of Financial Economics
1999 : FEB, VOL. 51:2, p. 195-217 |
| Index terms: | Investment incentives Incentives Capital investment Managers Executives |
| Language: | eng |
| Abstract: | The authors outline first Ralston Purina Company's history and describe its compensation policy and stock price performance over the 1981-1991 period. Section 3 examines the contract's impact on managerial decision-making by comparing the outcomes of management's operating, financing, and investment decisions before and after its adoption. |
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