Tools
Tools
Skovoroda, R, Bruce, A 
ORCID: https://orcid.org/0000-0001-5748-0701, Buck, T and Gregory-Smith, I,
2019.
Cost-efficient performance-vesting equity.
Economics Letters, 182, pp. 37-39.
ISSN 0165-1765
Preview |
Text
14040_Bruce.pdf - Post-print Download (205kB) | Preview |
Official URL: http://doi.org/10.1016/j.econlet.2019.06.002
Abstract
We analyze the incentive effects of the Performance-Vesting Equity (PVE) component of executive pay that is characterized by zero exercise price and performance-contingent vesting. We demonstrate how PVE with upward-sloping convex/concave vesting curves can be a more efficient risk-sharing and incentive alignment device than strictly convex stock options.
| Item Type: | Journal article |
|---|---|
| Publication Title: | Economics Letters |
| Creators: | Skovoroda, R., Bruce, A., Buck, T. and Gregory-Smith, I. |
| Publisher: | Elsevier |
| Date: | September 2019 |
| Volume: | 182 |
| ISSN: | 0165-1765 |
| Identifiers: | Number Type 10.1016/j.econlet.2019.06.002 DOI S0165176519302150 Publisher Item Identifier |
| Divisions: | Schools > Nottingham Business School |
| Record created by: | Jonathan Gallacher |
| Date Added: | 13 Jun 2019 08:55 |
| Last Modified: | 31 May 2021 15:12 |
| URI: | https://irep.ntu.ac.uk/id/eprint/36750 |
Actions (login required)
 |
Edit View |
Statistics
Views
Views per month over past year
Downloads
Downloads per month over past year
