Relative Performance Evaluation in CEO Compensation

Relative Performance Evaluation and Strategic Peer‐Harming ...

Many firms use relative stock performance to evaluate and incentivize their CEOs. We document that such firms routinely disclose information ...

In December 2006, the Securities and Exchange Commission (SEC) has issued new disclosure rules on executive compensation, requiring enhanced ...

Effect Of Relative Decision Monitoring On Chief Executive ...

The study's premise was that, to the extent boards of directors consider behavioral information in the CEO evaluation process, performance should have a ...

rTSR: When Do Relative Performance Metrics Capture Relative ...

Thus, these findings are neither consistent with the view that the executive pay-setting and evaluation process is broken and compromised by powerful executives ...

Relative Performance Evaluation and Strategic Peer‐Harming ...

Which means that the way that the compensation award is determined is you say, well, here's our peer group of, you know, other companies we ...

Board interlock networks and the use of relative performance ...

and study the impact on executive compensation design. Keywords: Board interlock network, CEO compensation, Relative performance evaluation (RPE). 1 ...

Contractual Features of CEO Performance-Vested Equity ...

Keywords · CEO compensation · contract design · corporate governance · performance metrics · performance period · relative performance evaluation ...

Relative performance evaluation and related peer groups in ...

Using S&P 1500 firms' first proxy disclosures under the SEC's 2006 executive compensation disclosure rules, we find that about 25 percent of our sample firms ...

The Dual Role of Peer Groups in Executive Pay - CiteSeerX

The usefulness of relative performance evaluation refers to the optimal structure of com- pensation contracts but not to the overall level of compensation.

CEOs' Outside Employment Opportunities and the Lack of Relative ...

Such market indexing of compensation is also referred to as relative performance evaluation (RPE). However, there is little empirical evidence of RPE in the ...

CEO Compensation and Relative Company Performance Evaluation

As a result, executive compensation should be determined relative to the peer group performance of firms exposed to the same market risk. The academic ...

CEO turnover and relative performance evaluation

Also, mechanically, our results point to a sample selection effect as one driver of the asymmetry in pay-for-luck. Compensation studies drop dismissed CEOs from ...

The Choice of Peers for Relative Performance Evaluation in ...

Keywords: executive compensation, relative performance, RPE, peer groups, compensation benchmarking, performance measures, CEO pay, corporate governance. a ...

Preaching water but drinking wine? Relative performance ...

The rise in the level of executive compensation in international banking in the last two decades has been striking. At the same time, ...

Relative performance evaluation with business group affiliation as a ...

We find strong evidence of RPE when peers are member firms within the same business group, particularly when a firm has an established compensation committee or ...

Does excess employment affect the relative performance evaluation ...

Non-financial performance measures, CEO compensation, and firms' future value. Journal of Business Research, 110(January), 213–227. https ...

CEOs' Outside Employment Opportunities and the Lack of Relative ...

Aggarwal, Rajesh K., and Andrew A. Samwick, 1999b, Executive compensation, strategic competition, and relative performance evaluation: Theory ...

The Role of Common Risk in the Effectiveness of Explicit Relative ...

Agency theory suggests that, for firms that experience common shocks, RPE in executive compensation plans improves risk sharing and strengthens incentive ...

Optimal choice of relative performance indicator and product market ...

We explore what performance indicator is optimal in a market competition, when firm's owner pays compensation based on relative performance evaluation (RPE) to ...

Simon Blog: Dean's Corner CEO compensation

And if the peers perform better, the CEO's performance-based pay should actually be cut. But when you go through the literature, you don't find ...