Similar Search Results

A theory of fair ceo pay

Chaigneau, Pierre; Edmans, Alex; Gottlieb, Daniel - 2023

Persistent link: https://www.econbiz.de/10013477768

The optimal timing of CEO compensation

Chaigneau, Pierre - In: Finance research letters 24 (2018), pp. 90-94

Persistent link: https://www.econbiz.de/10011982473

Managerial Compensation and Firm Value in the Presence of Socially Responsible Investors

Chaigneau, Pierre - 2016

Shareholders with standard monetary preferences will give a manager incentives to increase firm profits, which can be achieved with equity grants. When shareholders are socially responsible, in the sense that they also value corporate social performance, it is not clear which incentives the...

Persistent link: https://www.econbiz.de/10013006274

A Theory of Fair CEO Pay

Chaigneau, Pierre; Edmans, Alex; Gottlieb, Daniel - 2022

This paper studies optimal executive pay when the CEO is concerned about fairness: if his wage falls below a perceived … fair share of output, the CEO suffers disutility that is increasing in the discrepancy. Fairness concerns do not lead to … is slack, the optimal contract continues to involve pay-for-performance, to address the CEO's fairness concerns and …

Persistent link: https://www.econbiz.de/10014235868