market competition on the performance-pay sensitivity of CEOs, and contrast it with the effect for department managers and … reform, decreased the sensitivity of pay to performance of CEOs, with no significant effects found for other managers or …

workers’ pay. CEOs with more control pay their workers more, but financial incentives through ownership of cash flow rights … of robustness tests. Moreover, we find that entrenched CEOs pay more to (i) workers associated with aggressive unions …-executives; and (iii) workers geographically closer to the corporate headquarters. This evidence is consistent with entrenched CEOs …

We develop a methodology to collect and analyze data on CEOs' time use. The idea - sketched out in a simple theoretical … the presence of governance issues. We follow 94 CEOs of top-600 Italian firms over a pre-specified week and record the … of the firm) and outsiders (people not employed by the firm). Individual CEOs differ systematically in how much time they …

A vast body of empirical studies lends support to the incentive effects of rank-order tournaments. Evidence comes from … tournaments may bias these non-experimental studies, whereas short task duration or lack of distracters may limit the external … where students selected themselves into tournaments with different prizes. Within each tournament the best performing …