relationship between private benefits of control and CEO ownership with a minimum at about 4% CEO ownership, a positive association … between CEO tenure and private benefits, and a quadratic in CEO age with a dip in private benefits at about 52 years of age …

work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in … difficult times when the typical firm size shrinks. We find further that domestic and global competition for managers has … for performance and that the great recession of 2009 acted as a disciplining devise on CEO pay in Germany. …

work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in … difficult times when the typical firm size shrinks. We find further that domestic and global competition for managers has … for performance and that the great recession of 2009 acted as a disciplining devise on CEO pay in Germany. …

salary and bonus but for the value of all stock-market based compensation held in the portfolio of a CEO. Our data set …

This paper surveys the recent literature on CEO compensation. The rapid rise in CEO pay over the past 30 years has … sparked an intense debate about the nature of the pay-setting process. Many view the high level of CEO compensation as the … result of powerful managers setting their own pay. Others interpret high pay as the result of optimal contracting in a …

-based) CEO remuneration. However, this positive pay-for-share price performance elasticity is not present in all Spanish … management. It should be noted that share prices trigger increases in CEO remuneration only if the share price returns are higher …

subsequently introduced by stock exchanges, affects CEO pay structure. In firms whose corporate boards were originally less … independent, and thus more affected by these provisions, CEO pay for performance strengthened while pay for luck decreased after …

Incentive compensation is a central concern in the relationship between the Chief Executive Officer (CEO) and the board … of directors and between the CEO and shareholders. This book presents a focus on four key themes that are salient to the … compensation incentives are linked to risk-taking behaviors. Subsequently, the compensation structure of non-CEO executives is …

influences on remuneration. These influences can be seen as reflecting luck from the CEO's perspective. In this chapter we … present a model for how to avoid compensating CEO for luck by filtering out the macroeconomic influences. In the empirical …