Showing 1 - 10 of 194
that increased mobility of production factors will pose a severe threat to redistribution possibility is less acute than it …
Persistent link: https://www.econbiz.de/10009467793
period, and inequality is persistent. Inflation in our model is a mechanism of redistribution, and we find that the link …
Persistent link: https://www.econbiz.de/10009483530
We investigate the association between the reputation, tenure and cash compensation of independent audit committee … (ii) the cash compensation paid to independent audit committee members. Our results suggest that independent audit … financial statements are of high quality. Our findings on compensation suggest that monetary incentives motivate independent …
Persistent link: https://www.econbiz.de/10009441657
determinants of CEO compensation. Examining 975 CEO’s over the period 1992-2002, the present study finds that experience had a … positive effect on CEO pay, while industry specific dummy variables had little, if any, effect on compensation. Performance … present study indicate that experience is one of the most important factors affecting CEO compensation. Gender was not found …
Persistent link: https://www.econbiz.de/10009444772
In many respects, Australian boards more closely approach normative best practice guidelines for corporate governance than boards in other Western countries. Do Australian firms then demonstrate a board demographic-organisational performance link that has not been found in other economies? We...
Persistent link: https://www.econbiz.de/10009447876
The significance of stock options as a component of executive compensationhas fluctuated dramatically over the past decade. The purpose of this study is to investigatedeterminants of the effectiveness of stock option grants. These option grants areconsidered to be effective if they accomplish...
Persistent link: https://www.econbiz.de/10009464816
covenant hypothesis".I next examine the incentives that CEOs have to increase firm value that resultfrom their compensation …
Persistent link: https://www.econbiz.de/10009464915
Recent studies [Bebchuk and Fried (2002)] have shown that managerial power and negotiations play important roles in the design of executive pay arrangements, suggesting that some CEOs may extract greater economic rent from shareholders when provided with the opportunity. This paper seeks to...
Persistent link: https://www.econbiz.de/10009466153
This paper examines the “activist effect” on the levels and structures of CEO compensation when a company is targeted … why compensation changes are a logical focus for extension of the previous research. The study is based on a sample of … in total CEO compensation achieved through a change in compensation structure. …
Persistent link: https://www.econbiz.de/10009468734
This paper analyzes the incentives of professional tennis players in a tournament setting, as a proxy for workers in a firm. Previous studies have asserted that workers exert more effort when monetary incentives are increased, and that effort is maximized when marginal pay dispersion varies...
Persistent link: https://www.econbiz.de/10009475481