Executive Pay, Equity, and Cross-Border Transactions: An Examination of Ownership Decisions
Keywords:
Management Policy, equity, Executive Pay, Cross-Border TransactionsAbstract
We examine the acquisition of equity interests in non-domestic firms over the period from 1998 through 2009. We find an inverse relationship between executive salary and the percentage of equity acquired. However, contrary to previous work in the agency and entry mode space, we find no associations between stock option and common equity holdings and the percentage of equity purchased in international transactions. These findings suggest that the antecedents for entry mode selection (shared-control versus full-control) may differ from the antecedents for ownership decisions once a cross-border transaction has been selected.
Downloads
Published
2019-06-05
How to Cite
Kline, W., & Hamilton, III, R. D. (2019). Executive Pay, Equity, and Cross-Border Transactions: An Examination of Ownership Decisions. Journal of Management Policy and Practice, 17(2). Retrieved from https://articlegateway.com/index.php/JMPP/article/view/1812
Issue
Section
Articles
License
Please review our Copyright Notice.