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Author: | Beatty, R. Zajac, E. |
Title: | Managerial incentives, monitoring, and risk bearing: a study of executive compensation, ownership, and board structure in initial public offerings |
Journal: | Administrative Science Quarterly
1994 : JUN, VOL. 39:2, p. 313-335 |
Index terms: | INCENTIVES RISK MANAGEMENT |
Language: | eng |
Abstract: | The authors argue in this study that a resolution of the ambiguity and conflict surrounding executive compensation and corporate control practices requires a more unified perspective on top management compensation, ownership and corporate governance. Drawing from agency and organization research, the study develops and tests a contingency perspective on how organizations seek to ensure appropriate managerial behaviour through a balancing of trade-offs between incentive, monitoring, and risk-bearing arrangements. |
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