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| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | 한광석 | - |
| dc.contributor.author | 정덕종 | - |
| dc.contributor.author | 김관호 | - |
| dc.date.accessioned | 2024-01-26T04:50:40Z | - |
| dc.date.available | 2024-01-26T04:50:40Z | - |
| dc.date.created | 2024-01-11 | - |
| dc.date.issued | 2023-11 | - |
| dc.identifier.issn | 1598-8260 | - |
| dc.identifier.uri | https://oasis.postech.ac.kr/handle/2014.oak/119873 | - |
| dc.description.abstract | In this study, we examine a simplified version of Holmström and Tirole (1993) that investigates the role of the stock market in monitoring managerial performance. They demonstrate that the stock price includes performance information that cannot be obtained from the firm's profit data. Therefore, both the firm's liquidation value and stock price are crucial in determining the CEO compensation contract. However, our simplified model shows that only the stock price is used for measuring the CEO's performance. This suggests that the stock price provides sufficient information, making the liquidation value unnecessary in the CEO compensation contract. | - |
| dc.language | English | - |
| dc.publisher | 한국경제통상학회 | - |
| dc.relation.isPartOf | 경제연구 | - |
| dc.title | CEO Compensation: Holmström and Tirole (1993) Revisited | - |
| dc.title.alternative | CEO Compensation: Holmström and Tirole (1993) Revisited | - |
| dc.type | Article | - |
| dc.type.rims | ART | - |
| dc.identifier.bibliographicCitation | 경제연구, v.41, no.4, pp.119 - 134 | - |
| dc.identifier.kciid | ART003024107 | - |
| dc.citation.endPage | 134 | - |
| dc.citation.number | 4 | - |
| dc.citation.startPage | 119 | - |
| dc.citation.title | 경제연구 | - |
| dc.citation.volume | 41 | - |
| dc.contributor.affiliatedAuthor | 한광석 | - |
| dc.contributor.affiliatedAuthor | 정덕종 | - |
| dc.description.journalClass | 2 | - |
| dc.description.journalClass | 2 | - |
| dc.description.isOpenAccess | N | - |
| dc.subject.keywordAuthor | CEO 보수 | - |
| dc.subject.keywordAuthor | Kyle 모델 | - |
| dc.subject.keywordAuthor | 투기자 | - |
| dc.subject.keywordAuthor | 청산 가치 | - |
| dc.subject.keywordAuthor | 주식 가격 | - |
| dc.subject.keywordAuthor | CEO compensation | - |
| dc.subject.keywordAuthor | Kyle model | - |
| dc.subject.keywordAuthor | Speculator | - |
| dc.subject.keywordAuthor | Liquidation value | - |
| dc.subject.keywordAuthor | Stock price | - |
| dc.description.journalRegisteredClass | kci | - |
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Related Researcher
- 한광석HAHN, GUANGSUG
- Div of Humanities and Social Sciences