A significant portion of CEOs in publicly-listed Chinese state-owned enterprises receive zero pay from the companies for which they work. Instead, they are paid directly by their controlling shareholder, which can be the Chinese government or parent firms that are controlled by the Chinese...

For the past six years, the CEOs of firms in copyright-intensive industries received significantly higher compensation than the CEOs of the firms in the other industries we used for comparison (construction, transportation, and mining). For example, in 2012, copyright-intensive industry CEOs...

I find that corporate boards frequently link CEO compensation to subjective performance measures that are neither accounting ratios nor stock returns. Subjective measurement incorporates soft information privately observed by the board about the CEO's contribution to long-term firm value. I show...