CEO Compensation and Adverse Shocks

Regulatory Constraints on CEO Compensation | MIT Economics

In the second case, constraints on CEO compensation may have adverse productivity effects. The argument that CEO pay is excessive when not politically con-.

Evidence from Changes in Environmental Regulations | 국외연구자료

Although corporate finance theory suggests how adverse shocks influence shareholder preferences toward corporate risk-taking and executive compensation, ...

How a CEO Salary Cap Act Would Help Green the Economy - Truthdig

Wide pay gaps tend to increase adverse environmental impacts. And high pay — particularly high CEO pay — is incentivizing the kind of ...

Why Has CEO Pay Increased So Much?∗

Perhaps closest in spirit to our paper is Himmelberg and Hubbard (2000) who notice that aggregate shocks might jointly explain the rise in stock-market ...

The Effect of Monitoring on CEO Compensation in a Matching ... - jstor

CEOs do not exert effort. A firm's profit depends on its CEO's ability, observable business conditions, and an unob- servable idiosyncratic shock. The first- ...

CEO-Firm Matches: Evidence from Competition Shocks

I ex- amine whether firms that retain their CEOs alternatively change their compensation plan to motivate CEOs to deliver appropriate strategies ...

CEO Compensation: Agency Theory is Irrelevant but not ... - HAL-SHS

wide or industry wide shocks. This condition (not filled for ... adverse selection on CEO pay, together with some empirical discussion.

persistent consequences of adverse shocks: how the 1970s shaped ...

Abstract. The economic shocks experienced by the UK economy in the 1970s brought major changes in the spatial distribution of employment ...

Delivering what counts: The link between CEO pay and shareholder ...

Is there a relationship between CEO pay and shareholder return? Simon Business School professor Ron Schmidt argues that, despite assertions ...

Distributional differences in the time horizon of executive ...

(2008) find that asymmetric benchmarking of yearly compensation is used to retain CEOs, and is not strongly associated with poor corporate ...

Do CEOs Benefit from Employee Pay Raises? Evidence from a ...

I attempt to fill the gap and investigate how shocks to employee pay affect CEO pay and why. ... CEOs will lose motivation, which will adversely ...

Effects of Excessive CEO Pay on U.S. Society

Excessive pay, defined as compensation that is 20% or greater than the national average CEO salary, has changed the relationship between CEOs and stakeholders.

An Explanation for High CEO Pay That Doesn't Involve Greed or 'late ...

Executive compensation at the top (ex ante) did closely track the evolution of average firm value during those years. During the crisis (2007 – 2009), average ...

Is CEO pay economically justified? - IZA World of Labor

The other side of this debate argues that CEOs are overpaid because of their influence over the composition of the board of directors, the compensation ...

CEO Pay and Firm Size: An Update After the Crisis - Gabaix - 2014

Executive compensation (measured ex ante) did closely track the evolution of average firm value, supporting the 'size of stakes' view out of ...

The Fit Between CEO Compensation Design and Firm Risk

We examined the effects of unsystematic and systematic firm risk on CEO compensation risk bearing and total pay. Both the proportion of variable pay in CEO ...

Demand Shock: Definition, Causes, Impact, and Examples

She is the CEO of Xaris Financial Enterprises and a course facilitator for Cornell University. ... Negative demand shocks can come from contractionary policy, ...

CEO pay and firm performance - DSpace@MIT

... executive compensation is more sensitive to positive performance realizations than to negative performance ... shock to compensation. The estimated ...

CEO stock options can lead to increased risk taking, finds new study

“Our findings suggest that the structure of a manager's compensation significantly affects how managers will guide their firms in reaction to ...

terrorist attacks and CEO pay

7 Overall, these results support the contention that Australian CEOs are able to extract additional compensation after a shock to their external ...