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Has moral hazard become a more important factor in managerial compensation?
Gayle, George-Levi; Miller, Robert Allen - In: The American economic review 99 (2009) 5, pp. 1740-1769
Persistent link: https://www.econbiz.de/10003936335
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Essays on incentive provisions
Shi, Lan - 2004
Persistent link: https://www.econbiz.de/10003778062
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M&A Decisions and U.S. Firms’ Voluntary Adoption of Clawback Provisions in Executive Compensation Contracts
Brown, Anna Bergman - 2016
We examine whether U.S. firms' M&A decisions influence the likelihood of voluntary adoption of clawback provisions in executive compensation contracts and whether clawback adoption improves subsequent M&A decisions. Because prior research finds that poor M&A decisions are associated with future...
Persistent link: https://www.econbiz.de/10013008597
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Bonus payments and reference point violations
Ockenfels, Axel; Sliwka, Dirk; Werner, Peter - 2010
We investigate how bonus payments affect satisfaction and performance of managers in a large, multinational company. We …
Persistent link: https://www.econbiz.de/10003941775
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The effect of the Sarbanes-Oxley Act on CEO pay for luck
Paligorova, Teodora (contributor) - 2008
According to the rent-extraction hypothesis, weak corporate governance allows entrenched CEOs to capture the pay-setting process and benefit from events outside of their controlget paid for luck. In this paper, I find that the independence requirement imposed on boards of directors by the...
Persistent link: https://www.econbiz.de/10003721284
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The Impact of Financial Distress on CEO Compensation in the United States
Verhasselt, Gertjan - 2017
This M.A. dissertation presents a study of the influence of financial distress on CEO compensation in the United States. It focuses on the four main components of executive compensation: salary, bonus, restricted stock and stock options. More specifically, I apply linear regression to panel data...
Persistent link: https://www.econbiz.de/10012944997
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Low interest rates and executive risk-taking incentives : evidence from the United States
Castro, Paula; Tascon, Maria T.; Castaño, Francisco J.; … - In: Business research quarterly : BRQ 24 (2021) 4, pp. 324-354
rates on managers’ risk-taking incentives proxied by the sensitivity of executive compensation to stock return volatility … increase the managers’ short-term risk-taking incentives and that those incentives contribute to the risk effectively taken by … incentives of US managers to adopt riskier business policies. Specifically, based on the agency problems between shareholders and …
Persistent link: https://www.econbiz.de/10012694415
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Is U.S. CEO Compensation Broken?
Core, John E.; Guay, Wayne R.; Thomas, Randall S. - 2023
risk borne through their stock and option holdings, and due to the increasing size and complexity of U.S. firms; (3) when … viewed as a combination of market risk and firm-specific risk, conventional (that is, unindexed) stock and options may …
Persistent link: https://www.econbiz.de/10014254436
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The degradation of distorted performance measures : an application to residual income based measures like EVA
Sloof, Randolph; Praag, Mirjam van - 2008
Persistent link: https://www.econbiz.de/10003756053
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Employment horizon and the choice of performance measures : empirical evidence from annual bonus plans of loss-making entities
Matějka, Michal; Merchant, Kenneth A.; Van der Stede, … - In: Management science : journal of the Institute for … 55 (2009) 6, pp. 890-905
Persistent link: https://www.econbiz.de/10003865897