政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/78213
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    题名: Executive Compensation and Hedging Behavior: Evidence from Taiwan
    作者: Wu, Ming-Cheng;Liao, Szu-Lang;Huang, Yi-Ting
    廖四郎
    贡献者: 金融系
    关键词: agency problems;executive compensation;hedging behavior;risk-taking incentives
    日期: 2012
    上传时间: 2015-09-02 17:06:50 (UTC+8)
    摘要: This study examines the relationship between managerial risk-taking incentives and hedging derivatives usage. We have three results. First, executives` risk-taking incentives are negatively related to the hedging derivatives holdings, a result consistent with equity-based compensation that promotes risk taking. Second, the indexed stock options appear to create stronger risk-taking incentives than the traditional stock options. Third, managerial risk-taking incentives are significantly related to executive stock options but not stock holdings.
    關聯: International Review of Accounting, Banking & Finance, 4(2), 1-27
    数据类型: article
    显示于类别:[金融學系] 期刊論文

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