Executive Compensation and Product Market Competition

Executive Compensation and Product Market Competition - CORE

The aim of this paper is to study the effects of product market competition on the explicit compensation packages that firms offer to their executives. In order ...

Common Ownership, Executive Compensation, and Product Market ...

We develop and test an analytical model of optimal compensation in an oligopoly with common ownership, focusing on revenue-based pay as a plausible channel.

Product-market competition and executive compensation

Abstract. This paper examines how product-market competition affects the level and composition of executive compensation. The results of our theoretical and ...

Common Ownership, Executive Compensation, and Product Market ...

In our recent study, Common ownership, executive compensation, and product market competition, we examine executive compensation as a ...

Market competition and executive pay - IZA World of Labor

Empirical evidence suggests that executive pay is related to the level of product-market competition. However, while most shocks or policy reforms that foster ...

Executive Compensation and Product Market Competition

Ourresults show that a higher level of product market competition increases the performance pay sensitivity ofexecutive compensation schemes, and they hold ...

Executive Compensation and Product Market Competition

The aim of this paper is to study the effects of product market competition on the explicit compensation packages that firms offer to their executives.

Common Ownership, Executive Compensation, and Product Market ...

Executive compensation is a plausible mechanism linking common ownership to reduced competition (Walker 2019) both because managers take actions based on the ...

Common Ownership, Executive Compensation, and Product Market ...

We develop and test an analytical model of optimal compensation in an oligopoly with common ownership, focusing on revenue-based pay as a plausible channel.

Executive Compensation and Competition in the Banking and ...

executive compensation, product market competition, performance related pay. Corresponding author: Maria Guadalupe. Centre for Economic Performance. London ...

PRODUCT MARKET COMPETITION AND CEO PAY ...

This paper examines the impact of product market competition on the benchmarking of a. CEO's compensation to their counterparts in peer companies.

"What is the Effect of Product Market Competition on Chief Executive ...

This paper examines the relationship between the degree of product market competition and the level of executive compensation for the largest 216 publically ...

(PDF) Product Market Competition and Executive Compensation

a crucial determinant of how an increase in competition aﬀects executive compensation. ... soon as competition becomes more intense. ... executive compensation is ...

How does product market competition shape incentive contracts?

The use of performance-related pay among executives has increased considerably over the past twenty years (Murphy 1999, Hall and Liebman 1998). However, it is ...

Product Market Competition, Executive Compensation, and CEO ...

On the one hand, product market competition is itself a source of discipline that prompts managers to exert effort. On the other hand, by ...

Product Market Competition and Executive Compensation

Schmidt (1997) shows that the outside options of the managers play a crucial role: if the market for managers is soft, an increase in competition is more likely ...

[PDF] Product Market Competition and CEO Pay Benchmarking

This chapter examines the impact of product market competition on the benchmarking of a CEO's compensation to their counterparts in peer companies.

Common Ownership, Executive Compensation, and Product Market ...

ABSTRACT The negative effects of common ownership on competition have received significant attention, but many proposed mechanisms for institutional ...

Executive Compensation, Strategic Competition, and Relative ... - jstor

The need to soften product market competition generates an optimal compensation contract that places a positive weight on both own and rival performance. Firms ...

Product Market Competition, Competitive Position and Employee ...

Although executives and workers all are the enterprise value creators, most research has focused on the study of executive compensation, and the wages of ...