April 2011
Intermediate to advanced
496 pages
13h 22m
English
book
Corporate Governance Matters: A Closer Look at Organizational Choices and Their Consequences
by David Larcker, Brian Tayan
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9. Executive Equity Ownership
In this chapter, we examine the relationship between equity ownership and executive behavior. In theory, executives who hold equity in the companies they manage—either directly in the form of stock ownership or indirectly through options, restricted stock, and performance shares—have greater incentive to improve the economic value of the firm. In addition, equity holdings dissuade self-interested behavior, in that any action the executive takes that impairs firm value will inflict corresponding damage to the executive’s personal wealth (although not on a “dollar-for-dollar” basis, given that executives are also compensated in forms other than equity). As a result, equity ownership is an important tool that companies ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.