Showing 1 - 10 of 10,912
publications. We discuss the implications for policy and decision making and suggest recommendations for research management of …
Persistent link: https://www.econbiz.de/10011760360
Baker (2002) has demonstrated theoretically that the quality of performance measures used in compensation contracts hinges on two characteristics: noise and distortion. These criteria, though, will only be useful in practice as long as the noise and distortion of a performance measure can be...
Persistent link: https://www.econbiz.de/10011376645
Persistent link: https://www.econbiz.de/10001514926
Persistent link: https://www.econbiz.de/10003348607
Performance measures shall enhance the performance of companies by directing the attention of decision makers towards … does not lead automatically to superior decisions, because decision makers’ restricted cognitive abilities can counteract … considering cognitively-restricted decision makers. Two types of decision quality are derived which allow a differentiated view on …
Persistent link: https://www.econbiz.de/10003768045
Persistent link: https://www.econbiz.de/10011873353
We investigate the role of Relative Performance Evaluation (RPE) theory in CEO pay and turnover using a product similarity-based definition of peers (Hoberg and Phillips 2016). RPE predicts that firms filter out common shocks (i.e., those affecting the firm and its peers) while evaluating CEO...
Persistent link: https://www.econbiz.de/10011807920
This paper examines the reliance on ESG metrics in executive compensation contracts. In our sample of international publicly traded firms, a rapidly growing fraction incorporate ESG metrics in the compensation schemes of their top executives. Our analysis links the reliance on these metrics to...
Persistent link: https://www.econbiz.de/10013435292
Persistent link: https://www.econbiz.de/10003730348
Prior literature shows that choices regarding board composition are associated with earnings management. We add to this literature by examining the effects of the presence of a foreign board member on earnings management. Using a sample of 3,249 firm-year observations representing 586...
Persistent link: https://www.econbiz.de/10011418688