Core, John E.; Guay, Wayne; Larcker, David F. - In: Journal of Financial Economics 88 (2008) 1, pp. 1-25
We examine the press' role in monitoring and influencing executive compensation practice using more than 11,000 press articles about CEO compensation from 1994 to 2002. Negative press coverage is more strongly related to excess annual pay than to raw annual pay, suggesting a sophisticated...
