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Empirical evidence that ROIC in mgmgt compensation outperforms


Okonomen
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Hi all,

 

Just looking around for some empirical research investigating potential outperformance thru time by stocks where mgmt compensation is tied up to ROIC vs other companies where this is not the case. Closest I've come is this link:

 

https://www.worldatwork.org/workspan/articles/roic-as-an-incentive-measure-three-important-considerations

 

Anyone know about a good source?

 

BR

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