Contents
Do CEO and CFO equity incentives influence investment inefficiency? = CEO와 CFO의 주식보상유인이 투자비효율성에 영향을 미치는가? / So-Jin Yu ; Eun-Suh Lee 1
[요약] 1
I. Introduction 2
II. Related Literature 4
2.1. Investment Inefficiency 4
2.2. CEO Equity Incentive 5
2.3. CFO Equity Incentive 6
2.4. CEO Power 6
III. Hypotheses Development 7
IV. Research Design and Sample 10
4.1. Research Design 10
4.2. Sample Selection Procedure 13
V. Empirical Results 14
5.1. Descriptive Statistics and Correlation Analysis 14
5.2. Regression Analyses 17
VI. Additional Tests 19
6.1. Over-investment 19
6.2. Adding Another Equity Incentives : Vega 20
VII. Conclusion 22
참고문헌 24
요약 30