Similar Search Results

Pay Harmony : Peer Comparison and Executive Compensation

Gartenberg, Claudine Madras - 2013

Do horizontal wage comparisons affect firm policies on executive pay? This paper explores that question using a 1992 SEC proxy disclosure rule that mandated increased disclosure of executive pay. We argue that this rule differentially increased wage comparisons within firms with...

Persistent link: https://www.econbiz.de/10013082812

Big or Small : Compensation Consultant Selection, Switch and CEO Pay

Tong, Naqiong - 2012

Using a sample of U.S. S&P 1500 firms from 2007-2009, we provide new evidence showing that CEOs of firms engaging BIG6 consultants receive lower equity payments and lower total compensations compared to that of firms engaging SMALL consultants. In addition, we also find that a switch in a firm's...

Persistent link: https://www.econbiz.de/10013115352

Compensation Consultant Independence and CEO Pay

Tong, Naqiong - 2012

Critics allege that executive compensation consultants face potential conflicts of interest (lack of independence) that might lead to higher CEO pay. Conflicts of interest include the desires to "cross-sell" service and to secure "repeat business". Using a unique data set of compensation...

Persistent link: https://www.econbiz.de/10013115353

Endogenous Selection and Moral Hazard in Executive Compensation Contracts

Armstrong, Chris - 2012

The two major paradigmsin the theoretical agency literature aremoral hazard (i.e., hidden action)and adverseselection (i.e., hiddeninformation). Prior research typically solves these problemsin isolation, as opposed to simultaneouslyincorporating both adverseselection and moral hazard features....

Persistent link: https://www.econbiz.de/10013116385

Who Gets the Carrot and Who Gets the Stick? Evidence of Gender Disparities in Executive Remuneration

Kulich, Clara - 2012

stereotypes and implicit leadership theories such as the romance of leadership. Gender differences in risk taking and conﬁdence …

Persistent link: https://www.econbiz.de/10013116522

Agency Problem II and Convergence in CEO Pay

Haman, Janto - 2012

Convergence in CEO pay occurs when pay differentials narrow over time. We analyze and compare differences in the rate of convergence in CEO pay of Australian listed firms with high shareholding concentration (HSC) and without, for the period 1992 to 2009. We find zero and negative...

Persistent link: https://www.econbiz.de/10013097908

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

Do Political and Economic Uncertainties Separate Stock Markets?

Babaei, Hamid; Hübner, Georges; Muller, Aline - 2022

results reveal that variations in a number of financial risk factors, including economic policy uncertainty (EPU) and world … geopolitical risk (GPR), have a significant impact on the cointegrating coefficient. Our results imply that higher exposure of the … US market to EPU, GPR and financial risk factors is a strong cause of bivariate market segmentation. Moreover, the …

Persistent link: https://www.econbiz.de/10013308718

Uncertainty shocks and financial crisis indicators

Hristov, Nikolay; Roth, Markus - 2019

The current paper broadens the understanding for the role of uncertainty in the context of a macroeconomic environment. It focuses on the implications of uncertainty shocks on indicators that tend to precede financial crises. In an empirical analysis we show for a set of four euro area countries...

Persistent link: https://www.econbiz.de/10012102657

Uncertainty shocks and financial crisis indicators

Hristov, Nikolay; Roth, Markus - 2019

The current paper broadens the understanding of the role played by uncertainty in the context of macroeconomic fluctuations. It focuses on the implications of uncertainty shocks for indicators that tend to precede financial crises. In an empirical analysis we show for a set of four euro area...

Persistent link: https://www.econbiz.de/10012103607