Executive compensation based on asset values

Research output: Contribution to journalArticlepeer-review

1 Citation (SciVal)


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.
Original languageEnglish
Pages (from-to)1498-1502
JournalEconomics Bulletin
Issue number2
Publication statusPublished - 2012

Subject classification (UKÄ)

  • Economics


  • executive pay
  • executive compensation
  • stock
  • credit default swap


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