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tremendous growth in sales---over 200 percent from 2008 to 2015---and concerns over local air quality have prompted China … behavior to China's largest national subsidy program for fuel efficient vehicles during 2010 and 2011. Using variation from the …
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tremendous growth in sales---over 200 percent from 2008 to 2015---and concerns over local air quality have prompted China … behavior to China's largest national subsidy program for fuel efficient vehicles during 2010 and 2011. Using variation from the …
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There is a debate on whether executive pay reflects rent extraction due to "managerial power" or is the result of arms-length bargaining in a principal-agent framework. In this paper we offer a test of the managerial power hypothesis by empirically examining the CEO compensation of U.S. public...
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