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A special feature of UK executive pay is the heavy reliance on performance conditions for executive share options … data on analyst earnings forecasts and realised earnings, this paper computes probabilities of Britain's CEOs meeting their … remcom committees, CEO tenure, CEO base pay and CEO notice periods. While most of the variables have the some sign as …
Persistent link: https://www.econbiz.de/10012727139
We show that board tenure exhibits an inverted U‐shaped relation with firm value and accounting performance. The quality of corporate decisions, such as M&A, financial reporting quality, and CEO compensation, also has a quadratic relation with board tenure. Our results are consistent with the...
Persistent link: https://www.econbiz.de/10012911293
We show that board tenure exhibits an inverted U-shaped relation with firm value and accounting performance. The quality of corporate decisions, such as M&A, financial reporting quality, and CEO compensation, also has a quadratic relation with board tenure. Our results are consistent with the...
Persistent link: https://www.econbiz.de/10012938408
perspective on the optimal contracting and managerial power models of executive pay in U.S. academic literature. Even if one model …
Persistent link: https://www.econbiz.de/10012857530
characteristics is analysed. It is found that firm specific factors accounts for the majority of the variance in total CEO pay, while …, and shareholders features are related with the CEO pay. The policy implications of these results are then derived. …
Persistent link: https://www.econbiz.de/10011113777
I use the new SEC disclosure rule of 2006 to examine the role of CEO inside debt (pension plans and deferred compensation plans) in CEO compensation problem. I find that the contribution ratio of deferred compensation to total cash compensation is positively related to firm size, firm liquidity...
Persistent link: https://www.econbiz.de/10013132444
This paper integrates and further develops the analysis of two discussion papers we circulated earlier, “Lucky CEOs” and “Lucky Directors.” Our study contributes to understanding the corporate governance determinants and implications of backdating practices during the decade of...
Persistent link: https://www.econbiz.de/10013134686
discussion on managerial pay arrangements and the implementation of the Dodd-Frank Act concerning say-on-pay …
Persistent link: https://www.econbiz.de/10013114205
addition, we also find that a switch in a firm's compensation consultants influences its CEO pay via two directions. When a … argument that big consultants tend to design more optimal contract to reduce CEO's “excess pay” with their superior expertise … on pay structure and concerns of high reputation cost …
Persistent link: https://www.econbiz.de/10013115352
might lead to higher CEO pay. Conflicts of interest include the desires to "cross-sell" service and to secure "repeat … evidence that compensation consultant's conflicts of interest is associated with higher CEO pay. We find that CEO bonus and … service and that pay is higher when the fees paid to consultants for other services are larger ("cross-sell" service). In …
Persistent link: https://www.econbiz.de/10013115353