What is the negative effect of increasing the sensitivity of managerial pay to firm performance?
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What is the negative effect of increasing the sensitivity of managerial pay to firm performance?
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Managers have an incentive to manipulate the release of financial fore...View the full answer
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0321818171
2nd Canadian edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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