We study the dynamics of managerial influence and Chief Executive Officers' (CEOs) compensation over the course of financial distress during 1992 to 2012. Using a matching estimator to identify suitable controls, we find that under distress firms reduce managerial board appointments, intensify...

This article considers the regulation “on the books” of executive pay across the EU and the evidence “in action” on corporate practice concerning executive pay (based on disclosures by FTSE Eurofirst 300 companies) in relation to the best practice recommendations set out in two key...

Executive compensation is one of the most serious corporate governance issues. The problem with executive compensation is the colossal level of compensation being paid to executives and the way the compensation is being determined. This paper examines whether the personal characteristics of the...