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Institutional Ownership and CEO Equity Incentives

Bratten, Brian - 2017

This study provides new evidence on the relation between institutional ownership and the equity incentives provided to … incentives, higher institutional ownership is associated with a larger reduction in the incentives. Conversely, when firms' CEOs … have abnormally low equity incentives, higher institutional ownership is associated with a larger increase in these …

Persistent link: https://www.econbiz.de/10012968161

Executive Equity Compensation Plans and Board of Director Discretion over Equity Grants

Cadman, Brian D.; Carrizosa, Richard - 2021

Executive equity compensation is granted out of an equity incentive plan that must be approved by shareholders. Equity incentive plans are an important precursor to equity grants because plan terms give boards of directors discretion over the amount and features of equity that can be granted...

Persistent link: https://www.econbiz.de/10013216623

Market Reaction to Limiting Executive Compensation : Evidence from TARP Firms

Kim, Won Yong - 2010

Using 256 TARP recipients, I find that markets negatively react to the news on limiting executive compensations. Although investors react quite positively for the initial announcement of TARP on October 14, 2008, other announcements regarding compensation regulation including a strict $500,000...

Persistent link: https://www.econbiz.de/10013147803

Contractual Features of CEO Performance-Vested Equity Compensation

Gao, Zhan; Hwang, Yuhchang; Wu, Wan-Ting - 2017

We investigate the key contractual features of CEO performance-vested (p-v) equity compensation. We hypothesize that contractual features such as relative performance evaluation (RPE), the performance period length, and the number of performance metrics can be configured to improve the...

Persistent link: https://www.econbiz.de/10014043021

Determinants of Voluntary Executive Stock Option Disclosure in Brazil

Schiehll, Eduardo; Terra, Paulo R. S.; Victor, Fernanda … - 2011

incentives …

Persistent link: https://www.econbiz.de/10014188232

Market competition or family ties : which prevails on Italian CEOs pay?

Graziano, Clara; Rondi, Laura - 2015 - This draft: June 8, 2015

The paper analyzes the interplay of product market competition and governance on CEO compensation in Italian listed firms from 2000 to 2011 and tests the impact of the 2007-08 financial crisis on pay-performance sensitivity. We argue that important differences both in the level of compensation...

Persistent link: https://www.econbiz.de/10011280832

Board structure, CEO equity-based compensation, and financial performance : evidence from MENA countries

Aljughaiman, Abdullah A.; Almulhim, Abdulateif A.; Al … - In: International Journal of Financial Studies : open … 12 (2024) 1, pp. 1-17

ownership is positive for IBs. For the moderating test, we find that effective board structure provides more incentives to the …

Persistent link: https://www.econbiz.de/10014502318

Say Pays! Shareholder Voice and Firm Performance

Cuñat, Vicente; Giné, Mireia; Guadalupe, Maria - 2014

This paper estimates the effects of Say-on-Pay (SoP); a policy that increases shareholder "voice" by providing shareholders with a regular vote on executive pay. We apply a regression discontinuity design to the votes on shareholder-sponsored SoP proposals. Adopting SoP leads to large increases...

Persistent link: https://www.econbiz.de/10010435238

Say Pays! Shareholder Voice and Firm Performance

Cuñat, Vicente; Giné, Mireia; Guadalupe, Maria - Institute for the Study of Labor (IZA) - 2014

Persistent link: https://www.econbiz.de/10010959767

CEO control, corporate performance and pay-performance sensitivity

Amzaleg, Yaron; Azar, Ofer H.; Ben-Zion, Uri; … - In: Journal of Economic Behavior & Organization 106 (2014) C, pp. 166-174

Agency theory suggests that high pay-performance sensitivity (PPS) of CEO's compensation is an important motivation mechanism to the CEO to improve corporate performance. We develop a simple model that suggests that reverse causality should also be considered. Specifically, our model predicts...

Persistent link: https://www.econbiz.de/10010930943