responsible for this discord. A constructional challenge arises from intricacies of identifying the correct peers. And on a … of RPE in a new sample of large international non-U.S. banks. Taken as a whole, the banks in our sample show moderate … evidence consistent with RPE. We report stronger evidence once we investigate the subsample of banks that disclose the use of …

responsible for this discord. A constructional challenge arises from intricacies of identifying the correct peers. And on a … of RPE in a new sample of large international non-U.S. banks. Taken as a whole, the banks in our sample show moderate … evidence consistent with RPE. We report stronger evidence once we investigate the subsample of banks that disclose the use of …

banking and pay particular attention to banks that openly disclose its use. To that end, we collect compensation data on 46 … large international banks. Taken as a whole, our sample shows moderate evidence consistent with RPE. We report stronger … evidence once we investigate the subsample of RPE-disclosing banks. These results hold up to a series of robustness checks. In …

responsible for this discord. A constructional challenge arises from intricacies of identifying the correct peers. And on a … of RPE in a new sample of large international non-U.S. banks. Taken as a whole, the banks in our sample show moderate … evidence consistent with RPE. We report stronger evidence once we investigate the subsample of banks that disclose the use of …

responsible for this discord. A constructional challenge arises from intricacies of identifying the correct peers. And on a … of RPE in a new sample of large international non-U.S. banks. Taken as a whole, the banks in our sample show moderate … evidence consistent with RPE. We report stronger evidence once we investigate the subsample of banks that disclose the use of …

responsible for this discord. A constructional challenge arises from intricacies of identifying the correct peers. And on a … of RPE in a new sample of large international non-U.S. banks. Taken as a whole, the banks in our sample show moderate … evidence consistent with RPE. We report stronger evidence once we investigate the subsample of banks that disclose the use of …

banking and pay particular attention to banks that openly disclose its use. To that end, we collect compensation data on 46 … large international banks. Taken as a whole, our sample shows moderate evidence consistent with RPE. We report stronger … evidence once we investigate the subsample of RPE-disclosing banks. These results hold up to a series of robustness checks. In …

similarity-based definition of peers (Hoberg and Phillips 2016). RPE predicts that firms filter out common shocks (i.e., those … affecting the firm and its peers) while evaluating CEO performance and that the extent of filtering increases with the number of … peers. Despite the intuitive appeal of the theory, previous tests of RPE find weak and inconsistent evidence, which we argue …

employed as a way of asset appropriation at the managers' discretion. The results also confirm that corporate governance is …