Originality/value – This new perspective produces several results characterizing firms that the discipline of debt and the discipline of option can be either complements or substitutes on affecting incentive compensation design.
(2012), "The Joint Discipline of Option and Debt: Theory and Evidence from CEO's Equity Holding, Capital Structure, and Executive Compensation", Ferris, S., John, K. and Makhija, A. (Ed.) Advances in Financial Economics (Advances in Financial Economics, Vol. 15), Emerald Group Publishing Limited, Bingley, pp. 79-125. https://doi.org/10.1108/S1569-3732(2012)0000015006Download as .RIS
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