Article ID: | iaor201112093 |
Volume: | 66 |
Issue: | 5 |
Start Page Number: | 1779 |
End Page Number: | 1821 |
Publication Date: | Oct 2011 |
Journal: | The Journal of Finance |
Authors: | Seru Amit, Morse Adair, Nanda Vikram |
Keywords: | contracts |
We argue that some powerful CEOs induce boards to shift the weight on performance measures toward the better performing measures, thereby