The Incentive to 'Bet the Farm': CEO Compensation and Major Investments by Gavin Smith, Peter Swan

In prepping for my MBA 610 (Corporate Finance) class where we examine executive pay and how it impacts agency costs, I found this article by Gavin Smith and Peter Swan.SSRN-The Incentive to 'Bet the Farm': CEO Compensation and Major Investments:Swim and Swan look at firms that do major investments and those that do not. They find that the way the CEO is paid does influence the investment