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governance affects the disutility of managerial effort and the possibility of managers to divert company resources. It shows that …
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This article reviews the history of executive compensation regulation in America and surveys the literature on the … effects of these policies. CEOs are almost exclusively in the top 1% of the pay distribution, and regulation of their pay is …
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This paper reviews the history of executive compensation disclosure and other government policies affecting CEO pay, and as well surveys the literature on the effects of these policies. Disclosure has increased nearly uniformly since 1933. A number of other regulations, including special taxes...
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