We inquire whether public opinion influences executive compensation. During 1992-2008 the negativity of press coverage of CEO pay varied significantly, with stock options being the most discussed pay component. We find that after more negative press coverage of CEO pay firms reduce option grants...

This article reviews the history of executive compensation regulation in America and surveys the literature on the effects of these policies. CEOs are almost exclusively in the top 1% of the pay distribution, and regulation of their pay is seen as a well-targeted way of reducing income...

We explore the relationship between managerial incentives and environmental harm. We find that high-powered executive compensation packages can increase the odds of environmental law-breaking by 40-60% and the magnitude of environmental harm by over 100%. We document similar results for the...

Die Effizienz der Mitbestimmung auf Betriebs- und Unternehmensebene wird in diesem Beitrag aus einer mikroökonomischer Perspektive betrachtet. Unser Augenmerk liegt hierbei auf der Frage, ob aus dem nicht oder zumindest nur seltenen freiwilligen Zustandekommen von Mitbestimmungsregelungen auf...

This article reviews the history of executive compensation regulation in America and surveys the literature on the effects of these policies. CEOs are almost exclusively in the top 1% of the pay distribution, and regulation of their pay is seen as a well-targeted way of reducing income...