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Keywords: management entrenchment
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Journal Articles
The Accounting Review (2012) 87 (6): 2151–2179.
Published: 01 November 2012
... to option expensing through the first two implementation years. By comparison, the changes in compensation in Brown and Lee (2007 ) include only changes in anticipation of option expensing. Fourth, I examine how management entrenchment and pay for good luck are associated with changes in CEO compensation...