of executive incentives. We compare pay in U.S. public firms to private and non-U.S. firms. We then critically analyze …

Both theory and empirical evidence suggest that managers' career concerns can serve as an important source of implicit … economic incentives. We examine how incentives for political promotion are related to compensation policy and firm performance … helps mitigate weak monetary incentives for CEOs in China …

it can destroy the ex ante efficient trade-off between risk and incentives under the presence of renegotiation …

obtain high-powered incentives and, hence, a high personal income at the merger-management stage. …

This paper studies how managerial incentives determine strategic transfer of information from managers to investors. We …

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 study reputation incentives in the director labor market and find that directors with multiple directorships …

We derive a measure that captures the extent to which common ownership shifts managers' incentives to internalize … analyzing whether the growth of common ownership affects managerial incentives …