| dc.description.abstract | This thesis suggests that CEOs take actions to increase the short-term share price to improve
conditions for equity sales and maximize their payout upon vesting. Vesting equity, my measure
of short-term incentive, seems to have a positive association to the short-term actions imposed
by share repurchases, acquisitions and dividend payments. The thesis also suggests that shorttermism
does not materialize in cutting long-term investments. CEOs with an educational
background from business and economics seem to understand the relationships investigated
better and use them more frequently. Additionally, a high personal cost of leaving is negatively
correlated with the probability of CEO turnover. Overall, by building on previous research,
methodology and findings, this thesis suggests that CEO compensation has material effects on
company fundamentals and turnover. | nb_NO |
