This study investigates how the relationship between bank performance and executive compensation is affected by the degree of an executive's managerial discretion. Managerial discretion is captured by ...

Robert Y. Awh and Walter J. Primeaux, Jr. Considerable debate has raged over the economic assumption that the large corporation, through the decisions of its managers, attempts to maximize its profits ...

Using a comprehensive database of hedge funds, we examine the role of managerial incentives and discretion in the performance of hedge funds. We find that hedge funds with greater managerial ...