Panel OLS and GMM-IV estimates indicate that executives respond to the adoption of a compensation clawback provision by … the announcement of a clawback adoption, as well as post-adoption stock and accounting performance, are significantly and … clawback policy, appears to benefit shareholders …

tell if the CEO or the board is the root cause of the problem? How can shareholders tell if the board is “captured” by the … CEO? How can shareholders tell when a company begins to “drift”? How can they tell if the “right” CEO is in charge …

consequences of pay. We consider these issues through the example of Valeant Pharmaceuticals, whose CEO received a compensation … Valeant directly a result of the incentives placed on its CEO? Would they have occurred if the incentives were less aggressive …

the level, structure, and mechanisms of CEO compensation in Japan and perform a matched sample comparison between Japan … and the U.S. In contrast to the finding of recent studies showing that international differentials in CEO pay have largely …

We provide fresh evidence regarding the relation between compensation consultants and CEO pay. First, firms that employ … consultants have on the composition and complexity of CEO pay plans; notably, this impact fully mediates the consultant-CEO pay … increasing the impact of composition and complexity on CEO pay beyond the premium the CEO would demand for bearing additional …