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Hans Bystrom
''Executive compensation based on asset values''
( 2012, Vol. 32 No.2 )
This paper describes how credit default swaps could be employed to create performance based executive compensation portfolios that reflect the value of a firm's debt as well as equity; i.e. the total value of all a firm's assets. We define so-called Asset Value Unit (AVU) compensation portfolios that work both for executive- and non-executive pay schemes in financial as well as non-financial firms.
Keywords: executive pay; executive compensation; stock; credit default swap
G3 - Corporate Finance and Governance: General
Manuscript Received : Jan 18 2012 Manuscript Accepted : May 18 2012

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