This study investigates the relation between the use of explicit employment agreements (EA) and CEO compensation … compensation is higher when CEOs have employment agreements that are written, longer in duration, or more explicit in terms … abnormal compensation, (iii) low investment intensity, (iv) low growth opportunities, and (v) CEOs with a short employment …

the impacts of the Sarbanes-Oxley Act (SOX) on CEO compensation. Using panel data of the S&P 1500 firms, it quantifies … the agency costs embedded in CEO compensation. Cross-sectionally, it finds favorable impacts of SOX most often in the …

, which in turn should influence the design of incentive compensation. However, there is no empirical evidence on whether and … how the incentive compensation of nonfamily executives differs between family and nonfamily firms. Our study intends to … regard to the determinants of incentive compensation, and our findings should help compensation consultants better understand …

positive price reactions to adoption of performance-based compensation plans for executive managers, but postulating competing … sorting as well as the incentive effects of compensation contracts, and that the market anticipates errors in managers …We study equity price reactions to compensation contracting in experimental markets. Motivated by research reporting …

positive price reactions to adoption of performance-based compensation plans for executive managers, but postulating competing … sorting as well as the incentive effects of compensation contracts, and that the market anticipates errors in managers …We study equity price reactions to compensation contracting in experimental markets. Motivated by research reporting …

We provide fresh evidence regarding the relation between compensation consultants and CEO pay. First, firms that employ … compensation risk …

Panel OLS and GMM-IV estimates indicate that executives respond to the adoption of a compensation clawback provision by …

This paper focuses on the effect of relative performance evaluation (RPE) on top managers’ compensation in Chinese … non-SOEs than in SOEs. This may be due to the regulation of compensation, various forms of incentives and the multiple … tasks of managers in SOEs. …

The litmus test for an effective compensation program is whether it provides “pay for performance.” While the concept … compensation plan encourages executives to pursue corporate objectives and build shareholder value but also the unintended … consequences of pay. We consider these issues through the example of Valeant Pharmaceuticals, whose CEO received a compensation …