Similar Search Results

Excessive Financial Services CEO Pay and Financial Crisis : Evidence from Calibration Estimation

Dong, G. Nathan - 2018

The questions of whether there ever existed excessive risk-taking incentives from executive compensation in the … calibration approach to estimate the optimal level of CEO pay and derive the excessive compensation which provides excessive risk … and excessive risk-taking in the financial industry is somewhat weak, suggesting that CEO compensation might not be a …

Persistent link: https://www.econbiz.de/10012910594

Bonus payments, hierarchy levels and tenure : theoretical considerations and empirical evidence

Grund, Christian; Kräkel, Matthias - 2010

Using data on executive compensation for the German chemical industry, we investigate the relevance of two theoretical approaches that focus on bonuses as part of a long term wage policy of a firm. The first approach argues that explicit bonuses serve as substitutes for implicit career concerns....

Persistent link: https://www.econbiz.de/10009155574

Bonus Payments, Hierarchy Levels and Tenure : Theoretical Considerations and Empirical Evidence

Grund, Christian - 2010

Persistent link: https://www.econbiz.de/10013136492

Agency Problem II and Convergence in CEO Pay

Haman, Janto - 2012

Convergence in CEO pay occurs when pay differentials narrow over time. We analyze and compare differences in the rate of convergence in CEO pay of Australian listed firms with high shareholding concentration (HSC) and without, for the period 1992 to 2009. We find zero and negative...

Persistent link: https://www.econbiz.de/10013097908

Bonus Payments, Hierarchy Levels, and Tenure : Theoretical Considerations and Empirical Evidence

Grund, Christian - 2013

We investigate two theoretical approaches that focus on bonuses as part of a firm's long-term wage policy. The first approach argues that explicit bonuses serve as substitutes for implicit career concerns. The second claims that bonuses act as complements to an executive's internal career. Our...

Persistent link: https://www.econbiz.de/10013091169

How Do Quasi-Random Option Grants Affect CEO Risk-Taking?

Shue, Kelly - 2017

We examine how an increase in stock option grants affects CEO risk-taking. The overall net effect of option grants is … theoretically ambiguous for risk-averse CEOs. To overcome the endogeneity of option grants, we exploit institutional features of … increase in new options granted leads to a 2.8-4.2 percent increase in equity volatility. This increase in risk is driven …

Persistent link: https://www.econbiz.de/10012974660