Executive compensation serves as a metric by which investors measure the quality of a firm's governance. In this paper …, I explore how the signaling role of executive compensation impacts the compensation decisions of boards. I show that …

they could have substantially corrected by using their self-chosen compensation-benchmarking peers. The selection of noisy …

A vast literature in the field of public organizations has analyzed several factors of the compensation of government … senior managers. However, the institutional factors associated with high levels of compensation of public managers are hardly … known. In particular, studies about the possible relation between factors of governance and compensation of public managers …

tied to firm performance, because only a worker in a good quality firm would be willing to defer compensation to an … future pay is tied to firm performance, because only a worker in a good quality firm would be willing to defer compensation … ; compensation ; stock options …

-based compensation to provide incentives to non-executive employees. Yet, business practitioners appear to believe that stock …-based compensation improves incentives, and mounting empirical evidence points to the same conclusion. This paper provides an explanation …

For the past 30 years, the conventional wisdom has been that executive compensation packages should include very large … executive compensation simply take it as a given. We argue, however, that in light of evolving corporate governance mechanisms … compensation context. In addition to the stickiness of that status quo, incentive pay's staying power has been supported by private …