Jouber, Habib; Fakhfakh, Hamadi - In: The international journal of business science & applied … 6 (2011) 3, pp. 42-57
CEO pay structure and sensitivity to performance and luck. Thus, we address three ultimate questions; Are CEOs rewarded … for luck? Does institutional features matter for CEO pay for luck? How do systematic incentive effect is sensitive to … third question provide evidence that pay for luck is asymmetric. That is, executives are rewarded for good luck but they are …