Finance and Economics Discussion Series: Corporate Payout Policy and Managerial Stock Incentives by Nellie Liang, George W. Fenn

Finance and Economics Discussion Series: Corporate Payout Policy and Managerial Stock Incentives

Nellie Liang, George W. Fenn

34 pages missing pub info (editions)

nonfiction politics
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We examine how corporate payout policy is affected by managerial stock incentives using data on more than 1100 nonfinancial firms during 1993-97. We find that management share ownership encourages higher payouts by firms with potentially the great...

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