Managerial Incentives, Monitoring, and Risk Bearing in Initial Public Offerings, Journal of Applied Corporate Finance
Based on a recently completed study designed to help us understand what gives rise to various methods adopted by IPO firms for rewarding & controlling top managers. We argue that the answers to these questions reflect the resolution of fundamental concerns facing IPO firm managers and owners.
Randolph P Beatty, Edward Zajac
Beatty, P Randolph, and Edward Zajac. 1995. Managerial Incentives, Monitoring, and Risk Bearing in Initial Public Offerings. Journal of Applied Corporate Finance. 8(2): 87-96.