failure risk. The effectiveness of CEO pay is strengthened among well-governed firms, whereas tournament incentives are … interquartile change in the distribution of CEO pay translates in a reduction of the failure risk probability by approximately 21 …%. The Pay Gap between the CEO and its subordinate executives (tournament incentives) also plays a major role in lowering IPO …

We provide evidence that CEO equity incentives, especially stock options, influence stock liquidity risk via … disclosure policy. Contributing to the literature on CEO risk-taking, we document a positive association between CEO options and … future systematic stock liquidity risk. Controlling for endogeneity, we show that information disclosure quality is an …

) plans. Plans including accounting-based performance metrics and/or cash payouts have weaker risk-related incentives. The …Influenced by their compensation plans, CEOs make their own luck through decisions that affect future firm risk. After … adopting a relative performance evaluation (RPE) plan, total and idiosyncratic risk are higher, and the correlation between …

taking on excessive risk?• What does it say about SEC rules that the results of this analysis are vastly different from the …

. Collectively, our findings suggest that managerial incentives can motivate managers to abandon the novel “disclosure substitution …We examine the relation between managerial incentives and disclosure. Specifically, we examine how contracts that … explicitly evaluate managers relative to peer performance are associated with: (1) the transparency of mandatory disclosure; (2 …

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 …

This paper focuses on the effect of relative performance evaluation (RPE) on top managers’ compensation in Chinese … non-SOEs than in SOEs. This may be due to the regulation of compensation, various forms of incentives and the multiple … tasks of managers in SOEs. …