Baker, G., Gibbs, M. and Holmstrom, B. (1993) Hierarchies and Compensation: A Case Study. European Economic Review, 37, 366-378.
http://dx.doi.org/10.1016/0014-2921(93)90025-6

has been cited by the following article:

• TITLE: Over-Investment of Free Cash Flow during CEO’s Tenure

  AUTHORS: Xia Jiang

  KEYWORDS: Over-Investment, Free Cash Flow, Tenure

  JOURNAL NAME: Technology and Investment, Vol.7 No.3, July 28, 2016

  ABSTRACT: This paper examines the relationship between CEO’s tenure and their firm’s investment efficiency. Over-investment is greater in the early years than in the later years of CEO’s service. Consistent with prior literature, the results also suggest over-investment increases with firm’s internally-generated cash flow.