Executive compensation is one of the most serious corporate governance issues. The problem with executive compensation is the colossal level of compensation being paid to executives and the way the compensation is being determined. This paper examines whether the personal characteristics of the...

Indian companies have also started compensating their managers through the issuance of stock options. This paper tests whether the issuance of stock option plans by Indian companies is viewed by the market as value enhancing or not. The study, using a standard event study methodology, analyzes...

Although stock return-based performance metrics are common in CEO compensation contracts in the US, similar CEO pay arrangements may not be appropriate in India given higher stock return volatility and lower liquidity. Instead, sales growth as a performance metric could be useful in...