Auflistung 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 ...