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Executive Compensation : A Survey of Theory and Evidence

Edmans, Alex - 2017

This paper reviews the theoretical and empirical literature on executive compensation. We start by presenting data on the level of CEO and other top executive pay over time and across firms, the changing composition of pay; and the strength of executive incentives. We compare pay in U.S. public...

Persistent link: https://www.econbiz.de/10012949331

CEO Compensation

Frydman, Carola; Jenter, Dirk - 2021

result of powerful managers setting their own pay. Others interpret high pay as the result of optimal contracting in a …

Persistent link: https://www.econbiz.de/10013316120

Market Competition or Family Ties : Which Prevails on Italian CEOs Pay?

Graziano, Clara - 2015

The paper analyzes the interplay of product market competition and governance on CEO compensation in Italian listed firms from 2000 to 2011 and tests the impact of the 2007-08 financial crisis on pay-performance sensitivity. We argue that important differences both in the level of compensation...

Persistent link: https://www.econbiz.de/10013020525

The Effect of Adversity on Process Innovations and Managerial Incentives

Dostie, Benoit; Jayaraman, Rajshri - 2021

This paper asks whether adversity spurs the introduction of process innovations and increases the use of managerial incentives by firms. Using a large panel data set of workplaces in Canada, our identification strategy relies on exogenous variation in adversity arising from increased border...

Persistent link: https://www.econbiz.de/10013316356

Corporate Deductibility Provisions and Managerial Incentives

Koethenbuerger, Marko - 2014

findings suggest that, when managers engage in wasteful capital expenditures, welfare may decline if the cost of investment is …

Persistent link: https://www.econbiz.de/10013060519

Learning from the Past : Trends in Executive Compensation over the Twentieth Century

Frydman, Carola - 2021

with the evolution in executive pay and the market for managers during earlier time periods. A case study of General …

Persistent link: https://www.econbiz.de/10013316448

Disentangling Managerial Incentives from a Dynamic Perspective : The Role of Stock Grants

Hili, Amal - 2016

We analyze the optimal contract between a risk-averse manager and the initial shareholders in a two-period model where the manager's investment effort, carried out in period 1, and her current effort, carried out in period 2, both impact the second-period profit, so that it may be difficult to...

Persistent link: https://www.econbiz.de/10012979660

The Diffusion of Knowledge Via Managers' Mobility

Mion, Giordano - 2017

Better managers and managerial practices lead to better firm performance. Yet, little is known about what happens when … managers move across firms. Does a firm hiring a good manager improve its performance? If yes is there some valuable knowledge …-invariant ability of the manager as well as overall firm performance. We find that the export experience gained by managers in previous …

Persistent link: https://www.econbiz.de/10012964189

Globalization and Executive Compensation

Keller, Wolfgang - 2017

This paper identifies globalization as a factor behind the rapid increase in executive compensation and inequality over the last few decades. Employing comprehensive data on top executives at major U.S. companies, we show that compensation is higher at more global firms. We find that pay...

Persistent link: https://www.econbiz.de/10012942995

What Explains the Rise in CEO Pay in Germany? A Panal Data Analysis for 1977-2009

Fabbri, Francesca - 2012

work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in … difficult times when the typical firm size shrinks. We find further that domestic and global competition for managers has …

Persistent link: https://www.econbiz.de/10013109325

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