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Keywords: sorting
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Journal Articles
Accounting Horizons (2015) 29 (4): 777–798.
Published: 01 December 2015
... information is conveyed to the market by the choice of compensation contract and is reflected in stock prices. We refer to this as the sorting effect. Additionally, we find that managers do not always exert costly effort in spite of favorable incentives to do so. The design also allows us to assess...
Includes: Supplementary data