Cashed-Based

Cashed-Based

Refering to an option or future that is settled in cash when exercised or assigned. No physical entity, either stock or commodity, is received or delivered.
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In our first two hypotheses, we stated that in young high-technology firms, both CEO short-term (or cashed-based) compensation and CEO long-term (or stock-based) compensation are not significantly related to the firm R&D investment intensity.