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CEO Pay and the rise of Relative Performance Contracts : A Question of Governance?

Bell, Brian - 2016

responds more to increases in shareholders' return performance than to decreases. Further, this asymmetry is stronger when …

Persistent link: https://www.econbiz.de/10012456270

Executive Compensation and Corporate Governance in the U.S : Perceptions, Facts and Challenges

Kaplan, Steven N. - 2012

In this paper, I consider the evidence for three common perceptions of U.S. public company CEO pay and corporate governance: (1) CEOs are overpaid and their pay keeps increasing; (2) CEOs are not paid for their performance; and (3) boards do not penalize CEOs for poor performance. While average...

Persistent link: https://www.econbiz.de/10012460264

The impact of competition on management quality : evidence from public hospitals

Bloom, Nicholas; Propper, Carol; Seiler, Stephan; Van … - 2010

Persistent link: https://www.econbiz.de/10003994168

The impact of competition on management quality : evidence from public hospitals

Bloom, Nicholas; Propper, Carol; Seiler, Stephan; Van … - 2010

Persistent link: https://www.econbiz.de/10003994673

What Is CEO Overconfidence? Evidence from Executive Assessments

Kaplan, Steven N. - 2020

We use detailed assessments of CEO personalities to explore the option-based measure of CEO overconfidence, Longholder, introduced by Malmendier and Tate (2005a) and widely used in the behavioral corporate finance and economics literatures. Longholder is significantly related to several specific...

Persistent link: https://www.econbiz.de/10012481157

The Impact of Competition on Management Quality : Evidence from Public Hospitals

Bloom, Nicholas - 2010

In this paper we examine the causal impact of competition on management quality. We analyze the hospital sector where … management quality - measured using a new survey tool - is strongly correlated with financial and clinical outcomes such as … a greater number of neighboring hospitals) is positively correlated with increased management quality, and this …

Persistent link: https://www.econbiz.de/10012462620

Which CEO Characteristics and Abilities Matter?

Kaplan, Steven N. - 2008

We study the characteristics and abilities of CEO candidates for companies involved in buyout (LBO) and venture capital (VC) transactions and relate them to hiring decisions, investment decisions, and company performance. Candidates are assessed on more than thirty individual abilities. The...

Persistent link: https://www.econbiz.de/10012464452

Wall Street and Main Street : What Contributes to the Rise in the Highest Incomes?

Kaplan, Steven N. - 2007

We consider how much of the top end of the income distribution can be attributed to four sectors -- top executives of non-financial firms (Main Street); financial service sector employees from investment banks, hedge funds, private equity funds, and mutual funds (Wall Street); corporate lawyers;...

Persistent link: https://www.econbiz.de/10012465381

How has CEO Turnover Changed? Increasingly Performance Sensitive Boards and Increasingly Uneasy CEOs

Kaplan, Steven N. - 2006

We study CEO turnover - both internal (board driven) and external (through takeover and bankruptcy) - from 1992 to 2005 for a sample of large U.S. companies. Annual CEO turnover is higher than that estimated in previous studies over earlier periods. Turnover is 14.9% from 1992 to 2005, implying...

Persistent link: https://www.econbiz.de/10012466199

Top Executives, Turnover and Firm Performance in Germany

Kaplan, Steven N. - 1993

This paper examines executive turnover -- both for management and supervisory boards - - and its relation to firm … performance in the largest companies in Germany in the 1980s. The management board turns over slowly -- at a rate of 10% per year … management board increases significantly with stock performance and particularly poor (i.e. negative) earnings, but is unrelated …

Persistent link: https://www.econbiz.de/10012474534