科研之友
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摘要
Our theoretical argument is that the effect of acquisition-related factors on CEO compensation is contingent upon the intensity of monitoring activities. In firms with vigilant monitors, returns will explain changes in CEO compensation. In firms with passive monitors, increased corporate size due to an acquisition will explain compensation changes. We found support for our hypotheses in a sample of 171 acquisitions over the 1993-98 time period.
- 出版日期2002-6
