... the negative influence of deviations on future firm performance. Further, we find that the influence of contracting frictions on SOA operates through boards’ equity grant decisions. Our dynamic contracting perspective offers new insight into the relation between CEO incentives and firm performance by providing...

... Circuit Court ruling litigation risk CEO incentives equity-based compensation misreporting Incentive compensation comes in various forms and, fundamentally, serves as a governance tool to alleviate agency conflicts between shareholders and CEOs. Firms use equity-based compensation to tie CEOs...