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| Tekijä: | Gerety, M. Hoi, C-K. Robin, A. |
| Otsikko: | Do shareholders benefit from the adoption of incentive pay for directors? |
| Lehti: | Financial Management
2001 : WINTER, VOL. 30:4, p. 45-61 |
| Asiasana: | DIRECTORS PAY INCENTIVES SHAREHOLDERS |
| Kieli: | eng |
| Tiivistelmä: | The authors assess the stock market reaction to proposals of incentive plans for directors in a sample of 289 firms. The reaction is both economically and statistically insignificant. This result suggests that shareholders do not necessarily benefit from the adoption of such plans. |
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