We examine the determinants of cross-sectional differences in insider ownership, debt, and
dividend policies. These policies are related not only directly, but also indirectly, through …

Executive stock option plans have asymmetric payoffs that could induce managers to take
on more risk. Evidence from traded call options and stock return data supports this notion. …

This paper examines the behavior of managerial investment, dividend, and capital structure
decisions subsequent to the adoption of stock options as part of the compensation package. …

This study tests whether belief differences affect the cross-sectional variation of risk-neutral
skewness using data on firm-level stock options traded on the Chicago Board Options …

This paper analyzes the incentive affects of flat‐fee and percentage commission systems
from the perspective of the economic theory of agency. Under a plausible set of assumptions …

This study outlines a pathway for commercialisation of stationary fuel cells in distributed
generation across Europe. It has been sponsored by the Fuel Cells and Hydrogen Joint …

The case for replication has been made by many. The editor of the Journal of Irreproducible
Results puts it this way: The glorious endeavor that we know today as science has grown out …

This study presents an analysis of the managerial incentive problem in a stock market economy
in which incentive contracts are structured in terms of security ownership. In our model, …

The main purpose of this study is to examine the relationship between financial opacity,
investor protection and stock market behavior for sixteen countries. We use the 1995 CIFAR …

Using data from the Senior PGA Tours we analyze the incentive effects of rank order
tournaments. Previous studies using data from the PGA Tour reached conflicting conclusions. To …