Managerial Traits and Equity-based Compensation

Projektin kesto: 
9.2014 - 8.2018
Academy of Finland
Rahoituksen määrä: 
EUR 450 000
Projektin kuvaus: 
This research project investigates how personal characteristics of board members, CEOs (Chief Executive Officers), CFOs (Chief Financial Officers) and other top corporate insiders affect the two key decisions on stock-based executive compensation, that is, the design of their stock-based compensation schemes and the subsequent insider trading on these stocks. In particular, we explore whether insiders with adverse personal characteristics opportunistically seek for personal gains first by influencing the terms of their stock-based compensation systems and then by timing their trading on the stocks they have received from these compensation systems. We also explore how stringent vs. lax corporate governance environments affect insider trading.
Helsinki Swedish School of Economics, OBS team: Professor Juha-Pekka Kallunki, Professor Henrik Nilsson, University Lecturer Sinikka Moilanen, Post Doctoral Researcher Anna Elsilä and Doctoral Students Jenni Mikkonen and Bianca Beyer.
Projektin tulokset: 
Scientific articles in refereed international journals.
Professor Juha-Pekka Kallunki (

Viimeksi päivitetty: 20.12.2019