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Doran, Michael - 2017

This article sets out the case for repealing the $1 million tax cap on executive pay. The cap is easily avoided and, when not avoided, widely ignored. Since enactment in 1993, the cap has had little effect in reducing executive pay or in linking pay to performance. Even worse, the cap increases...

Persistent link: https://www.econbiz.de/10012965067

The Effect of Board Composition and Managerial Pay on Saudi Firm Performance

Al-Faryan, Mamdouh Abdulaziz Saleh - 2021

Using five empirical methodologies to account for endogeneity issues, this study investigates the effects of board independence and managerial pay on the performance of 169 Saudi listed firms between 2007 and the end of 2014. Studying board independence and managerial pay utilises the main...

Persistent link: https://www.econbiz.de/10013227123

Does say on pay matter? : evidence from the German natural experiment

Tröger, Tobias; Walz, Uwe - 2016

. When considering only the overall board members' compensation, the hypothesis of lower remuneration in case of low …

Persistent link: https://www.econbiz.de/10011539853

An activist view of CEO compensation

Baum, Alex; Hale, Robert; Morfit, Mason; Larcker, David F. - 2017

Understanding CEO compensation plans is a continuing challenge for directors and investors. The disclosure of these plans is dictated by SEC rules that rely heavily on the “fair value” of awards at the time they are granted. The problem with these numbers is that they are static and do not...

Persistent link: https://www.econbiz.de/10011870307

Does say on pay matter? : evidence from Germany

Tröger, Tobias; Walz, Uwe - 2019

remuneration is decreased if shareholder support for compensation schemes is low in say on pay-votes finds only weak support, if … analytical approach for say on pay-regimes. Any evaluation of a shareholder voice-strategy in regulating executive remuneration … has to pay close attention to the limits contract law stipulates for the adaptation of existing remuneration agreements …

Persistent link: https://www.econbiz.de/10012061896

Revisiting Executive Pay in Family-Controlled Firms

Cheong, Juyoung - 2014

According to the prior literature, family executives of family-controlled firms receive lower compensation than non-family executives. One of the key driving forces behind this is the existence of family members who are not involved in management, but own significant fraction of shares and...

Persistent link: https://www.econbiz.de/10013047067

Does Firing a CEO Pay Off?

Alexandridis, George - 2019

We examine whether involuntary CEO replacements pay off by improving firm prospects. We find CEO successors' acquisition investments to be associated with significantly higher shareholder gains relative to their predecessors and the average CEO. This improvement in post-turnover acquisition...

Persistent link: https://www.econbiz.de/10012899356

Deferred CEO Compensation and Firm Investment Decisions

Ki, YoungHa - 2017

For more than a decade, to reduce the agency problem, various ways have been examined on how to align the interest of manager with shareholders. However, evidence and empirical findings are conflicting on the agency problem. Recently, deferred compensation as one of incentive compensations draws...

Persistent link: https://www.econbiz.de/10012965184

Monitoring by Busy and Overlap Directors : An Examination of Executive Remuneration and Financial Reporting Quality

Fernandez, Carlos - 2016

outcomes: executive remuneration, external auditor opinion and earnings management. The study uses a panel of 122 non … low executive remuneration and present a low probability of a qualified audit opinion. Furthermore, the results indicate …

Persistent link: https://www.econbiz.de/10012981207

Skilled Labor Risk and Compensation Policies

Qiu, Yue - 2019

We measure U.S. publicly traded companies' exposures to skilled labor risk, i.e., the potential failure in attracting and retaining skilled labor, by the intensity of their discussions on this issue in their 10-K filings. We show that this measure effectively captures firm risk due to the...

Persistent link: https://www.econbiz.de/10012902137