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​This study examines the performance impact of the relative quality of a CEO's compensation peers (peers selected to determine a CEO's overall compensation) and bonus peers (peers selected to determine a CEO's relative-performance-based bonus). We use the fraction of peers with greater...
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Equity ownership by public pension funds (PPFs) is widely used in the literature (see, e.g., Cremers and Nair <CitationRef CitationID="CR6">2005</CitationRef>; Dittmar and Mahrt-Smith <CitationRef CitationID="CR10">2007</CitationRef>) as a measure of the strength of shareholder monitoring/governance. This paper raises caution on such practices by illustrating an inverted-U shape...</citationref></citationref>
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This study examines the performance impact of the relative quality of a CEO's compensation peers (peers selected to determine a CEO's overall compensation) and bonus peers (peers selected to determine a CEO's relative-performance-based bonus). We use the fraction of peers with greater managerial...
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