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Impact of Societal Trust on CEO Compensation

Kanagaretnam, Kiridaran (Giri) - 2016

We examine the association between societal trust and the levels of CEO compensation and the proportion of equity-based compensation of 1,892 firm-years from 22 countries over the 2007-2013 period. We find both the levels of CEO compensation as well as the proportion of equity-based compensation...

Persistent link: https://www.econbiz.de/10013001613

Clawback Provisions in Executive Compensation Contracts

Stark, Johanna - 2020

Clawbacks are contractual provisions in executive compensation contracts that allow for an ex post recoupment of variable pay if certain triggering conditions are met. As a result of regulatory responses to financial crises and corporate scandals as well as of growing shareholder pressure to...

Persistent link: https://www.econbiz.de/10012833330

Board Independence and the Design of Executive Compensation

Singh, Ravi - 2007

Executive compensation serves as a metric by which investors measure the quality of a firm's governance. In this paper, I explore how the signaling role of executive compensation impacts the compensation decisions of boards. I show that reputational concerns often cause boards to adopt pay...

Persistent link: https://www.econbiz.de/10012732156

Was Sarbanes-Oxley Costly? Evidence from Optimal Contracting on CEO Compensation

Gayle, George-Levi - 2019

This paper investigates the effects of the Sarbanes-Oxley Act (SOX) on CEO compensation, using panel data constructed for the S&P 1500 firms on CEO compensation, financial returns, and reported accounting income. Empirically SOX (i) changes the relationship between a firm's abnormal returns and...

Persistent link: https://www.econbiz.de/10012904043

Relative Performance Evaluation in CEO Compensation : A Talent-Retention Explanation

De Angelis, David - 2019

Relative performance evaluation (RPE) in CEO compensation can be used as a commitment device to pay CEOs for their revealed relative talent. We find evidence consistent with the talent-retention hypothesis, using two different approaches. First, we examine the RPE terms in compensation contracts...

Persistent link: https://www.econbiz.de/10012904916

Credit Default Swaps and Risk-taking Incentives in CEO Compensation

Hong, Jieying - 2019

What is the role of creditors in shaping the design of risk-taking incentives in managerial compensation? This paper …-referenced firm's managerial compen- sation, especially its risk-taking incentives. We find that CEO compensation vega increases … effect is stronger for firms with larger risk-shifting agency conflict and lower bankruptcy risk, consistent with the view …

Persistent link: https://www.econbiz.de/10012898728

Pensions as a Form of Executive Compensation

Goh, Lisa - 2018

We investigate the role of pensions as an element of total executive compensation, and the relationship between pensions and performance-based compensation in executive pay. Using hand-collected data on FTSE 100 CEOs and senior executives from 2004-2011, we document that pensions function as a...

Persistent link: https://www.econbiz.de/10012936950

Performance-Vesting Provisions in Executive Compensation

Bettis, J. Carr - 2018

convexity (vega) and firm risk …

Persistent link: https://www.econbiz.de/10012938441

Do Directors Suffer External Consequences for Failing to Align Executive Pay Practices with Shareholder Preferences? Evidence from Say-on-Pay Votes

Thompson, Mary Elizabeth - 2017

We provide the first evidence of external labor market penalties when directors fail to align with shareholder preferences for monitoring executive compensation. When shareholders express disapproval through low Say-On-Pay (SOP) support, directors incur significant external penalties, including...

Persistent link: https://www.econbiz.de/10012943723

The Impact of Financial Distress on CEO Compensation in the United States

Verhasselt, Gertjan - 2017

This M.A. dissertation presents a study of the influence of financial distress on CEO compensation in the United States. It focuses on the four main components of executive compensation: salary, bonus, restricted stock and stock options. More specifically, I apply linear regression to panel data...

Persistent link: https://www.econbiz.de/10012944997