ARTICLE IN PRESS Journal of Accounting and Economics 43 (2007) 69–93 www.elsevier.com/locate/jae Executive compensation and capital structure: The effects of convertible debt and straight debt on CEO pay$ Hernan Ortiz-Molinaà Sauder School of Business‚ The University of British Columbia‚ 2053 Main Mall‚ Vancouver‚ BC‚ Canada V6T 1Z2 Received 4 April 2005; received in revised form 22 September 2006; accepted 28 September 2006 Available online 16 November 2006 Abstract I examine how CEO
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Managers are hired to act on behalf of the shareholders of a firm. However‚ this is not always the case as both parties have different objectives. The difference in interests between shareholders and managers ‘derives from the separation of ownership and control in a corporation’ (Berk and DeMarzo‚ 2011: 921). Whereas shareholders are interested in maximising their own wealth‚ managers may have more personal interests which differ to that of the shareholders. Downs and Monsen (no date‚ cited in Chin
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Chardae Cuff University Seminar I FBI Agent Research Paper With the criminal justice bachelor’s degree I obtain from Delaware State University‚ I would like to go into the Federal Bureau of Investigation and become a special agent. The reason I choose this career is because it is full of excitement and travel. There would never be a boring day in this field and I would make a direct impact in helping maintain the peace and morality of our nation. In order to pursue a career with the FBI you would
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salespeople‚ buy and sell stock‚ supervise all operations‚ and make out the weekly work schedule. Name and explain the type of agent that Jon’s authority made him. Jon is a general agent. A general agent is a person who is given broad authority to act on behalf of the principle in conducting the bulk of the principal’s business activity on a daily basis. As a general agent‚ Jon has the authority to take these independent actions‚ which protect and promote the interest of the dealerships. 2. Christine
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Youth workers agents of social control or agents of social change? Discuss. In this piece of work I am going to explore the work of Youth Workers. With the aim to consider whether youth workers are agents of social control or agents of social change? Working as an Assistant Youth Support Worker in Youth Academy NI for the last year‚ and as an outdoor pursuit instructor for the past four years. I have come to appreciate the (quality) and benefits our youth service in the UK and Ireland. I have seen
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employed before. In this assignment‚ I had chosen ABC insurance company which I worked there as a part time insurance agency. The purpose of this research is to study on extrinsic motivation factor that influences sales performances of ABC Insurance Agent. Table of content 1.0 Introduction (p.5) 2.1 Topic (p.6) 2.2 Background to problem (p.6) 2.3 Marketing Problem (p.6) 2.4 Research Questions (p.6) 2.5.1 General Question (p.6) 2.5.2 Specific
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Essay: The differences between a tour operator and a travel agent Many people are confused about a tour operator’s and a travel agent’s job. These two jobs seem sound similar but actually‚ they play the different roles in providing tours or holidays to consumers. For easier undertanding‚ a tour operator acts like a chef in a restaurant who prepares and cooks the meal in the kitchen. So‚ there’re lots of things he has to do like choosing which tours to organize‚ doing research to figure out
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The current issue and full text archive of this journal is available at www.emeraldinsight.com/0307-4358.htm MF 39‚4 Ownership structure‚ capital structure‚ and performance of group affiliation 404 Evidence from Taiwanese group-affiliated firms Received 25 December 2011 Revised 13 September 2012 18 December 2012 Accepted 18 December 2012 Jonchi Shyu Department of Business Administration‚ National Taiwan University of Science and Technology‚ Taiwan‚ Republic of China Abstract
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agency problems disappears. Therefore‚ we conclude that the incentive effects dominate the agency problems in determining the cost of capital. Well-designed executive compensation can mitigate both agency problems. 1. Introduction The principal-agent relationship has several potential problems in corporate management that so-called agency problems. Due to the conflict of interests between shareholders and managers‚ shareholders need to pay substantial costs to alleviate these problems‚ such as
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Why I want to be a Real Estate Agent Education and Background- Hello‚ I am . I am a young 23 old senior at San Diego State University. I have chosen my career path to follow my degree in Business Administration emphasis in real estate. I am a very motivated student that wants to get more than just an education from school. I want a future with a job that I will enjoy‚ a job that there is no limit to my success. With achieving a bachelor’s degree instead of doing the bare minimum of only getting
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