Organization capital, tournament incentives and firm performance

被引：0
|
作者：
Boubaker, Sabri [1 ,2 ]
Hasan, Mostafa Monzur [3 ]
Habib, Ahsan [4 ]
机构：
[1] Metis Lab, EM Normandie Business Sch, Paris, France
[2] Vietnam Natl Univ, Int Sch, Hanoi, Vietnam
[3] Macquarie Univ, Macquarie Business Sch, Sydney, NSW, Australia
[4] Massey Univ, Sch Accountancy, Private Bag 102904, Auckland, New Zealand
来源：
FINANCE RESEARCH LETTERS | 2022年 / 46卷
关键词：
Organizational capital; Tournament incentives; CEO compensation; Agency costs;
D O I：
暂无
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper examines the relationship between organization capital and promotion-based tournament incentives. Using a sample of 33,618 publicly listed U.S. firm-year observations covering 1992-2020, the results show that firms with high levels of organization capital have relatively more promotion-based tournament incentives, and that tournament incentives in high organization capital firms improve firm value and operating performance.
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收藏
页数：8
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