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Relative Performance Evaluation and Related Peer Groups in Executive Compensation Contracts
Gong, Guojin - 2010
This study examines the explicit use of relative performance evaluation (RPE) in executive compensation contracts and the selection of RPE peers. Using S&P 1500 firms' first proxy disclosures under the SEC's 2006 executive compensation disclosure rules, we find that 25.44 percent of our sample...
Persistent link: https://www.econbiz.de/10013142627
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Relative Performance Evaluation and Related Peer Groups in Executive Compensation Contracts
Gong, Guojin - 2010
This study examines the explicit use of relative performance evaluation (RPE) in executive compensation contracts and the selection of RPE peers. Using S&P 1500 firms' first proxy disclosures under the SEC's 2006 executive compensation disclosure rules, we find that about 25 percent of our...
Persistent link: https://www.econbiz.de/10013136412
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Preaching water but drinking wine? : relative performance evaluation in international banking
Ilić, Dragan; Pisarov, Sonja; Schmidt, Peter S. - In: Swiss journal of economics and statistics 155 (2019) 6, pp. 1-25
The rise in the level of executive compensation in international banking in the last two decades has been striking. At the same time, corporate declarations of relative performance evaluation (RPE) have enjoyed widespread popularity. RPE determines the level of CEO pay by accounting for common...
Persistent link: https://www.econbiz.de/10012041711
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Performance Peer Groups in CEO Compensation Contracts
Bakke, Tor-Erik - 2020
chosen. These findings suggest managers may have some influence on the choice of performance peers. Lastly, using a quasi …
Persistent link: https://www.econbiz.de/10012839697
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Peer group choice and chief executive officer compensation
Larcker, David F.; McClure, Charles; Zhu, Christina - 2019 - Draft: August 22, 2019
We examine the selection of peer groups that boards of directors use when setting CEO compensation. The challenge is to ascertain whether peer groups are selected to (i) attract and retain executive talent and/or (ii) enable rent extraction by inappropriately increasing compensation. We find...
Persistent link: https://www.econbiz.de/10012065171
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Phantom Menace : Role of Pseudo Peers in CEO Compensation
Kalpathy, Swaminathan L. - 2019
We study pay spillovers within the network of peer compensation benchmarking and show that these can reconcile growth differences and convergence in CEO compensation. Specifically, compensation of a small group of prominent, highly-central network firms is shown to have a substantial spillover...
Persistent link: https://www.econbiz.de/10012860019
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Pay Harmony : Peer Comparison and Executive Compensation
Gartenberg, Claudine Madras - 2013
increased wage comparisons within firms with geographically-dispersed managers — firms with the greatest information frictions … prior to the rule change. We report three changes related to compensation after 1992 for division managers. First, within … firms with dispersed managers, division manager pay co-moves more with peer pay and is less sensitive to individual …
Persistent link: https://www.econbiz.de/10013082812
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Competing on the holodeck : the effect of virtual peers and heterogeneity in dynamic tournaments
Graff, Jan Frederik; Grund, Christian; Harbring, Christine - 2018
We propose experiments in virtual reality (VR) as a new approach to examining behavior in an economic context, e.g., heterogeneity in dynamic tournaments. We simulate a realistic working situation in a highly immersive environment. Implementing a tournament in VR, we are able to mitigate the...
Persistent link: https://www.econbiz.de/10011946765
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Do Peer Warnings Affect CEO Compensation?
Darrough, Masako N. - 2019
In this study, focusing on the period 1996-2010, we conduct an empirical investigation of how warnings by industry peer firms about future earnings affect CEO compensation structure. These warnings contain information about the industry, signaling dim industry prospects and possibly triggering...
Persistent link: https://www.econbiz.de/10012901917
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Integrating the bright and dark sides of leadership : an investigation of the intragroup and intergroup effects of leader group prototypicality
Liang, Yongyi; Yan, Ming; Law, Kenneth S.; Wang, Haibo; … - In: Journal of business research : JBR 133 (2021), pp. 89-97
Persistent link: https://www.econbiz.de/10012590169