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Executive Compensation and Regulation Imposed Governance : Evidence from the California Nonprofit Integrity Act (2004)

Dhole, Sandip - 2015

This study examines the impact of the California Nonprofit Integrity Act (2004) on CEO compensation costs in affected organizations. Contrary to the stated objective of the Act that executive compensation be “just and reasonable,” we find that CEO compensation costs for affected nonprofits...

Persistent link: https://www.econbiz.de/10013031620

Performance-Contingent Executive Compensation and Managerial Behavior

Bizjak, John M. - 2015

Recent regulation and legislation, along with the growing influence of compensation consultants and proxy advisors, have led to an increase in performance-contingent awards. A majority of these awards contain performance conditions tied explicitly to accounting measures. Both the structure of...

Persistent link: https://www.econbiz.de/10013031959

The Influence of CEO Power on Compensation Contract Design

Abernethy, Margaret A. - 2015

We investigate if CEO power influences a firm's decision to change its compensation system in response to regulatory and public pressure. In particular, we assess if CEO power influences the choice of performance measures as a form of camouflage to minimize the impact of these reforms on their...

Persistent link: https://www.econbiz.de/10013032118

Shareholders Have a Say in Executive Compensation : Evidence from Say-on-Pay in the United States

Kimbro, Marinilka Barros - 2015

literature in three ways. First, we find evidence that SOP votes are sensitive to firm risk, excessive CEO compensation …

Persistent link: https://www.econbiz.de/10013036020

Excess Pay and the Dodd-Frank Clawback

Fried, Jesse M. - 2015

[This article is a revised and condensed version of Jesse Fried and Nitzan Shilon, Excess-Pay Clawbacks, available at http://ssrn.com/abstract=1798185]The Dodd-Frank Act requires firms to adopt clawback policies for recovering certain types of excess pay — overpayments resulting from errors in...

Persistent link: https://www.econbiz.de/10013037522

Are CEOS Paid Extra for Riskier Pay Packages?

Albuquerque, Ana M.; Albuquerque, Rui A.; Carter, Mary Ellen - 2021

This paper estimates the risk premium in CEO incentive compensation. Using detailed U.S. CEO contract compensation data … and simulation analysis, we find that CEOs with riskier pay packages are paid more. The estimated risk premium from total … incentive pay represents 15% of total pay. We further decompose the risk premium between the premium that comes from bonus …

Persistent link: https://www.econbiz.de/10013213692

CEO Incentive Contracts, Risk Shifting, and Commitment Benefits of Gender Diverse Boards

Nanda, Vikram K. - 2020

to moderate risk and boost long-term corporate survival. Results suggest a strong relation between gender-diverse boards … and bondholder-aligned CEO compensation components, particularly when CEOs have greater incentives to take and shift risk …

Persistent link: https://www.econbiz.de/10012849311

Say on Pay's Bundling Problems

Lund, Andrew - 2010

The newly enacted federal Say on Pay rule will require public firms to periodically provide shareholders with an opportunity to cast an advisory vote regarding its most recent year's executive compensation. Like other efforts to increase shareholder power, Say on Pay has attracted criticism from...

Persistent link: https://www.econbiz.de/10013144116

Executive Pay Clawbacks and Their Taxation

Walker, David I. - 2021

Executive pay clawback provisions require executives to repay previously received compensation under certain circumstances, such as a downward adjustment to the financial results upon which their incentive pay was predicated. The use of these provisions is on the rise, and the SEC is expected to...

Persistent link: https://www.econbiz.de/10013243006

The Interplay between Director Compensation and CEO Compensation

Lin, Dan - 2014

This paper empirically examines the determinants of director compensation and CEO compensation and investigates whether director compensation has an effect on CEO compensation. Based on 713 firms (or 2,852 firm-years) between 2007 and 2010, we find that CEO tenure is related to the ability of...

Persistent link: https://www.econbiz.de/10013063013