This paper provides new evidence on the effect of compensation consultants on CEO pay. We show that the use of a compensation consultant has an increasing effect on the level of total CEO compensation, which is consistent with the “ratcheting up” effect of consultants on CEO pay argued by...

This study investigates characteristics that affect the relationship between firms' positions in a network of collaborative ties with other firms and their performance. Firms located in similarly structured networks rich in structural holes may obtain different performance results depending on...

In this paper we disagree with the proposal in the Financial Conduct Authority's consultation paper CP19/4 to exclude the head of legal of regulated firms from the Senior Manager and Certification Regime (“SM&CR”). We argue that there are benefits to inclusion; from the perspective of...

This study extends prior research on the role of compensation consultant in the design of executive remuneration and investigates firms' choices of performance targets in executive compensation. Using unique hand-collected data on 257 London Stock Exchange listed firms from FTSE 350 and Small...

While compensation consultants are known to play an important role in the design of executive compensation contracts, evidence on the effect of compensation consultants on CEO pay is mixed. Using a sample of 3,198 compensation consultant engagements and 576 executive compensation consulting fee...