The choice of performance measures in CEO bonus contracts and ...

Do Cash-Flow Performance Metrics in CEOs' Compensation ...

2011; Mao and Zhang 2018; Nguyen 2018). A crucial aspect that remains largely unexplored in these studies is the specific choice of performance ...

Difficulty of Sustainability Performance Targets in CEO Bonus Plans

This implies that moderately difficult performance targets should, at the very least, be set higher than prior realized performance. Thus, ...

How CEO pay packages should be designed - CEPR

How a performance measure affects the contract depends on whether it affects the optimal sensitivity or level of pay. The sensitivity of pay ...

Does chief executive compensation predict financial performance or ...

Such financial performance metrics are typical performance targets used in CEO incentive compensation. They provide evidence of the firm's ...

The use of nonfinancial performance measures in CEO bonus ...

This study empirically supports the managerial power theory whereby powerful CEOs influence the choice of performance measures in their bonus ...

Performance Terms in CEO Compensation Contracts

In December 2006, the Securities and Exchange Commission issued new rules that require enhanced disclosure on how firms tie CEO compensation to ...

Working Paper - IESE Business School

Keywords: CEO compensation, executive compensation, performance measures, compensation contracts . Page 3. GOVERNANCE STRUCTURE AND THE WEIGHTING OF.

Essays on executive compensation: examining pay and ... - CentAUR

For CFO, the pay-performance responsiveness differs in number and amount of long-term incentives awarded than that of CEO. Finally, these ...

An Analysis of the use of Accounting and Market Measures of ... - jstor

25 Supplement 1987. Printed in U.S.A.. An Analysis of the Use of. Accounting and Market Measures of Performance in Executive. Compensation Contracts.

Ceo Pay and the Rise of Relative Performance Contracts

A major reason why relative performance contracts do not eliminate pay for luck is that CEOs who fail to meet the terms of their past ...

Comp Targets That Work - Harvard Business Review

This type of compensation structure encourages performance gaming. There is less incentive for a CEO to push beyond the target, since additional performance ...

CEO Bonus: Alternative Performance Measurement versus ...

... a choice to manipulate a GAAP versus a non-GAAP component ... compensation that are not directly linked to the FFO measure in compensation contract design.

Firm Performance Implications of Using Qualitative Criteria in CEO ...

Many argue that the design of compensation contracts for public company chief executive officers (CEOs) is often not guided by a goal of value ...

the Choice of Performance Measures in CEO Bonus Contracts and ...

This paper examines whether the choice of performance measures in CEO bonus compensation contracts is associated with earnings management. From a sample of.

CEO Characteristics and the Choice of Using Non-Financial ...

The use of non-financial performance measures (NFPM) in compensation contracts has been gaining popularity among firms. NFPM include performance indicators such ...

CEO Bonus: Alternative Performance Measurement versus ...

While compensation contracts can effectively align the interests of managers and shareholders according to agency theory (e.g., Smith and Watts, 1982; Jensen ...

Performance choice, executive bonuses and corporate leverage

This study examines the causal link between a firm's leverage decisions and the characteristics of its CEO bonus plans. Results from a simultaneous ...

The choice of performance measures in annual bonus contracts

The choice of performance measures in annual bonus contracts · Read this article at · Comments · Comment on this article · Navigation.

CH17 Executive Performance Measures Compensation | PDF - Scribd

It outlines three objectives of management compensation: to motivate high effort, incentivize decision-making aligned with goals, and fairly reward performance.

CORPORATE GOVERNANCE AND THE INFORMATION GAP

As shown in Table 2, the mix of performance measures in the bonus contracts of CEOs of capital-based companies is significantly more homogeneous and focused on ...