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dc.contributor.authorGete, Pedro
dc.contributor.authorGómez, Juan Pedro
dc.date.accessioned2020-04-03T07:01:10Z
dc.date.available2020-04-03T07:01:10Z
dc.date.issued2017-05
dc.identifier.urihttps://repositorio.bde.es/handle/123456789/11294
dc.descriptionArtículo de revista
dc.description.abstractThis paper surveys the literature that studies the connection between leverage and executive compensation. First, we discuss the dynamics of pay-for-performance compensation and how to measure it. Then we study the theoretical underpinnings of how firm leverage may be related to the compensation structure of its executives. After reviewing the empirical work on the topic we survey the policy implications. We discuss recent work that shows positive outcomes from regulating executive compensation, but that raises a cautionary note: regulating leverage directly seems more efficient than regulating executive compensation.
dc.format.extent13 p.
dc.language.isoen
dc.relation.ispartofRevista de Estabilidad Financiera / Banco de España, 32 (mayo 2017), p. 39-51
dc.rightsReconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
dc.rightsIn Copyright - Non Commercial Use Permitted
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
dc.rights.urihttp://rightsstatements.org/vocab/InC-NC/1.0/
dc.titleExecutive compensation and firm leverage. A policy oriented survey
dc.typeArtículo
dc.identifier.bdebib000359375
dc.identifier.bdepubREFI-2017-32-039
dc.subject.bdeProducción y mercado
dc.subject.bdeEstructura y funcionamiento de la empresa
dc.publisher.bdeMadrid : Banco de España, 2017
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