... hedging I am grateful for input from my dissertation committee: Ed Maydew (chair), Robert Bushman, Eva Labro, Jeremy Moulton, and Doug Shackelford. In addition, I also appreciate helpful comments and suggestions from Jeff Abarbanell, Travis Dyer, Cristi Gleason, John Graham, Brad Hendricks...

... executives to control their firms' exposure to weather risk. Once these derivatives became available, those executives who use them to hedge experience relative reductions in their total compensation and equity incentives. The decline in compensation is consistent with a reduction in the risk premium...

...Ronald A. Dye; Sri S. Sridhar ABSTRACT Allowing CEOs to hedge the risk in the compensation contracts their firms give them has been controversial because such hedging allows the executives to undo some of the incentive effects of those contracts; it also results in a divergence between...