What determines CEO incentives? A confusion exists among both academics and practitioners about how to measure the … strength of CEO incentives, and how to reconcile the enormous differences in pay sensitivities between executives in large and … small firms. We show that while one measure of CEO incentives (the dollar change in CEO wealth per dollar change in firm …

of executive incentives. We compare pay in U.S. public firms to private and non-U.S. firms. We then critically analyze …

: reducing the opportunity for managers to transfer value to equityholders from creditors via strategic default, and reducing the … can use compensation awards that increase managerial performance incentives (delta) and risk-taking incentives (vega) in …

Managers' incentives may conflict with those of shareholders or creditors, particularly at leveraged, opaque banks … sufficiently resolve agency problems so that they can attract funding from outside shareholders and depositors. We examine banks …

We derive a measure that captures the extent to which overlapping ownership structures shift managers' incentives to … possibility that the growth of common ownership has had a significant impact on managerial incentives.Institutional subscribers to …

monitors affects performance both directly and through the response to incentives. In collaboration with the government of … Punjab, Pakistan, we shift authority from monitors to procurement officers and introduce financial incentives to a sample of …

compensation plans on personal productivity. We study an international law firm that moves from high-powered individual incentives … towards incentives for "leadership" activities that contribute to the firm's long run profitability. The effect of this change …