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Rethinking measurement of pay disparity and its relation to firm performance
Rouen, Ethan - 2017
I develop measures of firm-level pay disparity and examine their relation to firm performance. Using comprehensive compensation data for a large sample of firms, I find no statistically significant relation between the ratio of CEO-to-mean employee compensation and performance. I next create...
Persistent link: https://www.econbiz.de/10011901700
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Performance benefits of tight control
Gill, Andrej; Visnjic, Nikolai - 2013
This study investigates the transition from being a listed company with a dispersed ownership structure to being a privately held company with a concentrated ownership structure. We consider a sample of private equity backed portfolio companies to evaluate the consequences of the corporate...
Persistent link: https://www.econbiz.de/10010225758
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Say on Pay Votes and CEO Compensation : Evidence from the UK
Ferri, Fabrizio - 2011
We examine the effect of say on pay regulation in the United Kingdom (UK). Consistent with the view that shareholders …
Persistent link: https://www.econbiz.de/10013134605
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Corporate Stakeholders and CEO-Worker Pay Gap : Evidence From CEO Pay Ratio Disclosure
Cheng, Mei; Zhang, Yuan - 2023
influences of shareholders. Using state-level pay ratio tax proposals as another proxy for stakeholder influence, we find high …
Persistent link: https://www.econbiz.de/10014348601
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Common law and the origin of shareholder protection
Acheson, Graeme G.; Campbell, Gareth; Turner, John D. - 2016
suggesting a default template of rules. Ultimately, the matter of protection was one for the corporation and its shareholders …
Persistent link: https://www.econbiz.de/10011523499
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Common law and the origin of shareholder protection
Acheson, Graeme G.; Campbell, Gareth; Turner, John D. - 2016
suggesting a default template of rules. Ultimately, the matter of protection was one for the corporation and its shareholders …
Persistent link: https://www.econbiz.de/10011521411
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Earnings Management in the UK : The Impact of Managerial Share Ownership and Minority Shareholder Protection on Discretionary Accruals
Bos, Sebastian - 2017
accrual based earnings management. It provides the first empirical evidence that the relationship is impacted by UK Company … on the earnings management-ownership relationship. We find that share ownership by executive directors has a significant … below the 5% threshold of the ABI dilution limit and sections 376-378 of Companies Act 1985. Earnings management increases …
Persistent link: https://www.econbiz.de/10012976190
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Managerial Remuneration and Disciplining in the UK : A Tale of Two Governance Regimes
Renneboog, Luc - 2010
We simultaneously analyze two mechanisms of the managerial labor market (CEO turnover and remuneration schemes) in two different regulatory regimes, namely before and after the sweeping governance reforms adopted in the UK in the 1990s. We employ sample selection models to examine firms in a...
Persistent link: https://www.econbiz.de/10013135217
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Compensation Consultant Independence and CEO Pay
Tong, Naqiong - 2012
Critics allege that executive compensation consultants face potential conflicts of interest (lack of independence) that might lead to higher CEO pay. Conflicts of interest include the desires to "cross-sell" service and to secure "repeat business". Using a unique data set of compensation...
Persistent link: https://www.econbiz.de/10013115353
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Performance-Vesting Provisions in Executive Compensation
Bettis, J. Carr - 2018
The usage of performance-vesting (p-v) equity awards to top executives in large U.S. companies has grown from 20 to 70 percent from 1998 to 2012. We measure the effects of p-v provisions on value, delta, and vega of equity-based compensation. We find large differences in the value of p-v awards...
Persistent link: https://www.econbiz.de/10012938441