4David Aboody and Ron Kasznik, 2000, "CEO Stock Option Awards and the Timing of Corporate voluntary Disclosure," Journal of Accounting and Economics, 29, pp.73-100.
5Lucian A. Bebchuk and Jesse M. Fried, 2003, "Executive Compensation as an Agency Problem," Journal of Economics Perspectives, 17, pp.71-92.
6Benjamin E. Hermalin and Michael Steven Weisbach, 1991, "The Effects of Board Composition and Direct Incentives on Firm Performance," Financial Management, 20, pp.101-112.
7Bengt Holmstrom, 1979, "Moral Hazard and Observability," Bell Journal of Economics, 10, pp.74-91.
8Michael C Jensen and William H Meckling, 1976, "Theory of the Firm: Managerial Behavior, Agency Costs and Owner- ship Structure," Journal of Finance Economics, 3, pp.305-360.
9Michael C. Jensen and Kevin J. Murphy, 1990, "Performance Pay and Top Management Incentives," Journal of Political Economy, 98, pp.225-263.
10John J. McConnell, Henri Servaes, 1990, "Additional Evidence on Equity Ownership and Corporate Value," Journal of Fi- nancial Economics, 27, pp.595-612.