Auflistung LIF-SAFE Working Papers nach Autor "Colonnello, Stefano"

Anzeige der Dokumente 1-3 von 3

    • Abandon Ship: Deferred Compensation and Risk-Taking Incentives in Bad Times 

      Cambrea, Domenico Rocco; Colonnello, Stefano; Curatola, Giuliano; Fantini, Giulia (2017-05-23)
      We study how US chief executive officers (CEOs) invest their deferred compensation plans depending on the firm's profitability. By looking at the correlation between the CEO's return on these plans and the firm's stock ...

    • Direct and Indirect Risk-Taking Incentives of Inside Debt 

      Colonnello, Stefano; Curatola, Giuliano; Ngoc Giang Hoang (2016-07-16)
      We develop a model of managerial compensation structure and asset risk choice. The model provides predictions about the relation between credit spreads and different compensation components. First, we show that credit ...

    • Pricing Sin Stocks: Ethical Preference vs. Risk Aversion 

      Colonnello, Stefano; Curatola, Giuliano; Gioffré, Alessandro (2018-06-14)
      We develop a model that reproduces the average return and volatility spread between sin and non-sin stocks. Our investors do not necessarily boycott sin companies. Rather, they are open to invest in any company while trading ...