Corporate Governance

Managerial Attributes, Incentives, and Performance

By Harvard Law School Program on Corporate Governance

In the paper, Managerial Attributes, Incentives, and Performance, which was recently made publicly available on SSRN, we examine the relative importance of firm- and manager-specific heterogeneities in determining the primary aspects of executive incentives and the implications of those incentives for firm policy, risk, and performance. We focus on the sensitivity of managerial wealth to stock price (delta) and the sensitivity of expected managerial wealth to stock volatility (vega) for top-five corporate executives.

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Full post as published by The Harvard Law School Corporate Governance Blog on November 03, 2010 (boomark / email).