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Determinants and Performance Effects of Executive Pay Multiples

Hyun, Jeong-Hoon - 2012

Disclosure rules for the Korean Stock Exchange require Korean firms to disclose average executive and employee pay. These disclosures provide a unique opportunity to examine factors influencing the executive pay multiple (executive-employee pay disparity) and its effects on performance. We find...

Persistent link: https://www.econbiz.de/10013107909

Performance Regularity : A New Class of Executive Compensation Packages

Bernard, Carole - 2014

The ability of standard executive stock options to incite managers to adequately select the assets of their firm has … better control the investment strategies of top managers. The present article studies the evaluation and sensitivity of a new … class of executive stock options well designed for the control of managers. Such packages are aimed at giving incentives to …

Persistent link: https://www.econbiz.de/10013066790

Firm Performance, Shareholder Activism, and Mandatory Executive Compensation Disclosure

Schantl, Stefan - 2020

Early empirical studies find a negative association between firm performance and shareholder activism, whereas more recent studies document a positive association. We argue and theoretically show that this change in behavior results from mandating executive compensation disclosure. We develop a...

Persistent link: https://www.econbiz.de/10012839787

How Director Remuneration Impacts Firm Performance : An Empirical Analysis of Executive Director Remuneration in Pakistan

Aslam, Ejaz - 2020

This study empirically investigates the interrelationship between pay and performance of CEOs/board of directors in an emerging market, Pakistan. The study uses GMM approach to account for the problem of potential endogeneity and unobserved heterogeneity that arises due to the potential reverse...

Persistent link: https://www.econbiz.de/10012843022

Does CEO Compensation Reflect Managerial Ability or Managerial Power? Evidence from the Compensation of Powerful CEOs

Song, Wei-Ling - 2019

This paper examines the relation between managerial power and compensation for Chief Executive Officers of S&P 500 companies from 1993 through 2012. We find that more-powerful CEOs earn more than less-powerful CEOs. We refer to this additional compensation as a “power premium” and...

Persistent link: https://www.econbiz.de/10012893667

Compensating Executives Based on Performance

Ahmed, Mohammed R - 2016

The question of fair executive compensation could be resolved if we develop a framework and measures to determine whether executives are compensated fairly by firms. Executive compensation is a business decision, and it should be based on business performance. This paper presents tools for...

Persistent link: https://www.econbiz.de/10012980007

The Impact of Firm Prestige on Executive Compensation

Focke, Florens - 2016

We show that CEOs of prestigious firms earn less. Total compensation is on average 8% lower for firms listed in Fortune's ranking of America's most admired companies. We suggest that CEOs are willing to trade off status and career benefits from working for a publicly admired company against...

Persistent link: https://www.econbiz.de/10013008284

Governance in Not-for-Profit Hospitals : Effects on CEO Compensation and Performance

Schaepkens, Frans - 2014

We examine the effect of corporate governance on both CEO compensation and several financial performance indicators in a sample of Dutch hospitals. In a series of pooled regressions, we find evidence that supports earlier findings in the literature. For instance, our results indicate that the...

Persistent link: https://www.econbiz.de/10013050751

CEO Ownership Concentration and CEO CSR Performance Compensation of S&P 500 Companies

Li, Allen - 2015

This study investigates how CEO ownership concentration in S&P 500 companies is associated with compensation tied to social performance. My theory on how these two variables are connected is presented in the paper. I employ logistic regression on privately collected data on social performance...

Persistent link: https://www.econbiz.de/10013024233

Executive Pay and Performance : The Moderating Effect of CEO Power and Governance Structure

Ntim, Collins G. - 2016

This paper examines the crucial question of whether chief executive officer (CEO) power and corporate governance (CG) structure can moderate the pay-for-performance sensitivity (PPS) using a large up-to-date South African dataset. Our findings are three-fold. First, when direct links between...

Persistent link: https://www.econbiz.de/10012986523