In the empirical estimation of the relation between CEO pay and both firm and peer performance, researchers typically … include conventional accounting-based measures that reflect firm performance net of executive pay expense. We analytically … show that when firms evaluate CEO performance relative to peers, the coefficients on such net accounting measures are …

regulations affecting the use of non-GAAP performance metrics and their specific applicability to non-GAAP measures used for …

We investigate the role of Relative Performance Evaluation (RPE) theory in CEO pay and turnover using a product … affecting the firm and its peers) while evaluating CEO performance and that the extent of filtering increases with the number of …

. Having different goals for the same performance metric enables us to assess their relative importance in incentivizing CEOs …, suggesting the use of easier goals to compensate CEOs while maintaining the appearance of pay-for-performance. The results … highlight the importance of considering both sets of performance goals simultaneously when evaluating their incentive effects …

extraction. In this paper, we use a proprietary dataset to examine the relationship between CEO pay ratio and firm value/performance … and performance. We also find that high CEO pay ratios are associated with higher quality acquisitions and stronger CEO … turnover-performance sensitivity. Our results challenge the notion that high CEO pay ratios are on average economically harmful …