This paper studies how hedge fund activism reshapes board monitoring, CEO incentives and compensation. I find that … activists target CEOs who have co-opted the board, have poor performance records and weak equity portfolio incentives, are less … oust underperforming CEOs, strengthen CEO incentives, and increase the use of RPE. CEO pay levels rise following activism …

I estimate a dynamic agency model to quantify the importance of dismissals in CEO incentives -vis-à-vis pecuniary …

We provide evidence that CEO equity incentives, especially stock options, influence stock liquidity risk via …

managers, coupled with bonuses based on their leadership rank among all leaders. Our intervention increased worker productivity …

all cases, explicit, non-discretionary ESG incentives are economically insignificant relative to executives’ incentives to … companies, explicit, non-discretionary ESG incentives were incorporated only in annual bonus plans. One sample company – Duke …. While this approach could be seen as a roadmap for those seeking meaningful ESG-based pay incentives, this Article concludes …

Building on recent theory, we find strong and robust evidence that external labor market incentives motivate CEOs to … find that the tax aggressiveness-labor market incentives relation varies in the cross-section consistently with theory. We …

incentives. Using various measures of performance, we find that European energy utilities link CEO compensation to firm …

The multitask agency theory argues that incentive devices for the agent need to be viewed as a system to induce … theory and the literature on incomplete contracts …

structural method and calculating shareholder valuations from stock market reactions to takeovers, I find that acquiring managers … overvalue targets by 63% of target capitalization. As a result, acquiring managers pick targets that provide no synergy gains in … 17% of takeovers and overbid by 13% of target capitalization in the rest. Private benefits sought by acquiring managers …

. We find that: (1) PSP sponsors successfully identify firms that suffer from a misalignment of managers and shareholders …