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Optimal Managerial Contracts and Equilibrium Security Prices
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“For example, public trading of shares in stock markets that efficiently reflect information about firms allows owners to link managerial compensation to stock prices and better align the interests of managers with those of shareholders”
From Finance, Growth, and Inequality (2021) · cites this paper as Diamond and Verrecchia, 1982
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Metadata
- Authors
- Diamond, D. W., & Verrecchia, R. E.
- Affiliations
- University of Chicago (US)
- Venue
- The Journal of Finance
- Publisher
- JSTOR
- Published
- 1982-05
- Volume
- 37
- Issue
- 2
- Pages
- 275
- ISSN
- 0022-1082 (ISSN-L)
- OpenAlex
- W1985909203
- Cited by
- 286
- References
- 15
- Citations by year
- 2026: 3 · 2025: 12 · 2024: 2 · 2023: 5 · 2022: 6 · 2021: 8 · 2020: 10 · 2019: 4 · 2018: 20 · 2017: 6 · 2016: 7 · 2015: 13 · 2014: 10 · 2013: 13 · 2012: 16
- FWCI
- 31.06
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- The Journal of Finance (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Finance › Corporate Finance and Governance
- Social Sciences › Economics, Econometrics and Finance › Finance › Financial Markets and Investment Strategies
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic theories and models
- Keywords
- managerial contracts, optimal contracts, security prices, equilibrium pricing, corporate governance, agency theory, risk sharing
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