search query: @indexterm incentives / total: 682
reference: 167 / 682
| Author: | Engel, E. Hayes, R. M. Wang, X. |
| Title: | CEO turnover and properties of accounting information |
| Journal: | Journal of Accounting & Economics
2003 : DEC, VOL. 36:1-3, p. 197-226 |
| Index terms: | agency theory contracts incentives |
| Language: | eng |
| Abstract: | It is predicted that optimal contracts should place greater reliance on performance measures that are more precise and more sensitive to the agent's effort. In this paper these predictions are applied to CEO retention decisions. It is shown that accounting information appears to receive greater weight in turnover decisions when accounting-based performance measures are more precise and more sensitive. |
SCIMA