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INFLUENCE OF COMPENSATION PLANS AND JOB SECURITY ON TIME HORIZONS
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Stephen A. Butler 
Abstract
A number of techniques are used in corporate governance in order to align managers’ self-interests with that of shareholders.’ This study reports the results of an experiment designed to determine whether varying degrees of job security or the existence of a long term compensation plan alter managerial decision time horizons. To enhance the significance of the results, the research design used empirically valid relationships among the variables. The results show that increased job security does result in selecting more investments with long term payoffs, while the long term compensation plan used did not extend the time horizons of our participants.
Keywords: Compensation, Experiment, Long-term Plans, Time Horizon
How to cite this paper: Butler, S. A. (2009). Influence of compensation plans and job security on time horizons. [special issue]. Corporate Ownership & Control, 6(3-5), 512-522. https://doi.org/10.22495/cocv6i3sip1
