provides shareholders with a regular vote on pay: Say on Pay. We apply a regression discontinuity design to Say on Pay … to large increases in market value (5.4 percent), firm profitability, and long-term performance. In contrast, we find …

shareholders with a regular vote on executive pay. We apply a regression discontinuity design to the votes on shareholder …: profitability and labor productivity increase, while overheads and investment fall. In contrast, we find limited effects on pay …

shareholders with a regular vote on executive pay. We apply a regression discontinuity design to the votes on shareholder …: profitability and labor productivity increase, while overheads and investment fall. In contrast, we find limited effects on pay …

resurrection" strategy. Moreover, the strength of corporate governance influences shareholders' capacity to align executive …

evidence that shareholders tend to approve of compensation packages that are more sensitive to changes in stock price (pay … of aligning managers' interests with those of shareholders. We also document that future changes to equity …-based incentives are related to voting outcomes and that shareholders incorporate CFO incentives into their votes. Collectively, these …