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responds more to increases in shareholders' return performance than to decreases. Further, this asymmetry is stronger when …
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This paper studies the gender compensation gap among high-level executives in US corporations. We use the ExecuComp data set that contains information on total compensation for the top five highest paid executives of a large group of US firms over the period 1992-1997. About 2.5% of the...
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objectives among not-for-profit hospitals. Boards appear to fire the managers that are least able to compete in the new … competitive environment and reward incumbent managers more for achieving for-profit goals. Consistent with donors' belief that …
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set their own pay, constrained somewhat by the availability of cash or by a fear of drawing shareholders' attention. To …
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We investigate the impact of changes in states' anti-takeover legislation on executive compensation. We find both pay for performance sensitivities and mean pay increase for the firms affected by the legislation (relative to a control group). These findings are partially consistent with an...
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