This study explores the dynamic structure of the pay-for- performance relationship in CEO compensation and quantifies … the effect of introducing a more complex model of firm financial performance on the estimated performance sensitivity of … executive pay. The results suggest that current compensation responds to past performance outcomes, but that the effect decays …

investment and firm performance. We find that firm size and moderate competition is associated with higher intangible investment …, while firm age is associated with lower intangible investment. Examining firm performance, we find that higher investment is … and 'soft' performance objectives, but not with productivity or profitability …

-owned enterprise (SOE) performance evaluation policy. To improve capital allocative efficiency, in 2010, regulators switched from using … return on equity (ROE) to economic value added (EVA) when evaluating SOE performance. This EVA policy adopts a one …-specific costs of capital. We show that SOEs did respond to the performance evaluation reform by altering their investment decisions …

We investigate the effect of corporate sustainability on organizational processes and performance. Using a matched …-term, both in terms of stock market and accounting performance …