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managers, the contribution of bonuses to the mean gap more than doubles and is steadily rising as one moves up the wage …
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workers, I use text analysis of 10-K statements to show that managers of nonroutine workforces focus relatively more on …
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Developments in executive compensation have resulted in more legislation and regulations on executive pay being introduced over the past two decades than in the previous hundred and fifty years. Ever since the last financial crisis, executive compensation has remained high on the agenda of many...
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I develop measures of firm-level pay disparity and examine their relation to firm performance. Using comprehensive compensation data for a large sample of firms, I find no statistically significant relation between the ratio of CEO-to-mean employee compensation and performance. I next create...
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managerial market and compensation are government-regulated. We also document that cutting central SOE managers’ pay level can … increase firm value, whereas doing so for local SOE managers has the opposite effect. Our findings have important implications …
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