Cheng, Shijun; Indjejikian, Raffi - In: International Review of Law and Economics 29 (2009) 2, pp. 115-126
We study whether CEO influence is evident in CEO incentive arrangements by examining how the imposition of state anti-takeover laws (ATLs) in the 1980s affected CEO compensation and retention. On balance, we find that CEOs have higher compensation and more job security, and their compensation...