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Keywords: information rent
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Journal Articles
Journal:
The Accounting Review
The Accounting Review (2024) 99 (2): 369–393.
Published: 01 March 2024
... possible reason for this “aggressive” CEO turnover is the board’s desire to reduce the information rents earned by the privately informed CEO. Specifically, the incumbent CEO has a temptation to “sandbag” the board about profitability prospects to secure more generous incentive pay for future...
