In this paper, I examine determinants and trends in top executive compensation in Israeli publicly traded firms between the years 1995–2018. I find a large increase in executive compensation in the earlier period of the sample culminating in 2007, especially in financial firms. Between 2008...

The relationship between executive compensation and firm performance is strongly endogenous. In this paper, I use a unique law that sets a binding upper limit on financial firms' executive compensation in Israel as an exogenous shock and study the effect of capping total executive compensation...

Executive compensation is determined in a competitive market, and small differences in skills lead to large variations in the compensation levels. While past research has predominantly focused on the distinction between general and specific managerial skills, little is known as to whether and...