Capital Structures and Compensation Policies

K. Dachraoui and Georges Dionne ()

Working Papers from Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor.

Abstract: We study the interations between leverage, employment structure and compensation policies within firms. Recent works have shown that there exists heterogeneity in compensation policies across firms (Abowd, Kramarz and Margolis, 1999 and Margolis, 1996). We introduce firms' capital structure in order to explain part of this heterogeneity.

Keywords: EMPLOYMENT; ADVERSE SELECTION; WAGES; BUSINESS FINANCING (search for similar items in EconPapers)
JEL-codes: D80 G32 J33 (search for similar items in EconPapers)
Pages: 26 pages
Date: 1999
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Related works:
Working Paper: Capital structures and compensation policies (2001)
Working Paper: Capital structures and compensation policies (1999)
Working Paper: Capital Structure and Compensation Policies (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:pnegmi:99-28

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