Optimal Contracting or Extraction of Rents?

Executive Compensation in America: Optimal Contracting or ...

Executives can extract rent in ways other than their executive compensation schemes. See, e.g., Lucian Arye Bebchuk and Christine Jolls,. Managerial Value ...

Optimal Contracting or Extraction of Rents? | NBER

Under the optimal contracting view of executive compensation, which has dominated academic research on the subject, pay arrangements are set by ...

2002.Bebchuk-Fried-Walker.Olin.No366.Managerial.Power.pdf

ecutive Compensation in America: Optimal Contracting or Extraction of Rents?” We have benefited from the valuable suggestions of various individuals ...

Optimal Contracting or Extraction of Rents? - BenefitsLink

"Under the alternative rent extraction view that we examine, the board does not operate at arm's length; rather, executives have power to ...

Executive Compensation in America: Optimal Contracting or ...

We conclude that extraction of rents might well play a significant role in U.S. executive compensation; and that the significant presence of rent extraction ...

Executive Compensation in America - Scholar Archive

EXECUTIVE COMPENSATION IN AMERICA: OPTIMAL CONTRACTING OR EXTRACTION OF RENTS? Lucian Arye Bebchuk. Jesse M. Fried. David I. Walker. Working Paper 8661 http ...

Executive Compensation in America: Optimal Contracting or ...

This Paper develops an account of the role and significance of rent extraction in executive compensation. Under the optimal contracting view of executive ...

Optimal Contracting or Extraction of Rents? - ResearchGate

We conclude that extraction of rents might well play a significant role in U.S. executive compensation; and that the significant presence of rent extraction ...

Power, rent extraction, and executive compensation - ifo Institut

In studying executive compensation, financial economists traditionally have followed what might be referred to as “the optimal contracting approach.” Under this ...

"Managerial Power and Rent Extraction in the Design of Executive ...

This Article develops an account of the role and significance of managerial power and rent extraction in executive compensation. Under the optimal contracting

Managerial Power and Rent Extraction in the Design of Executive ...

This paper develops an account of the role and significance of managerial power and rent extraction in executive compensation. Under the optimal contracting ...

Executive Compensation in America - Optimal Contracting or Extract

patterns and practices. We conclude that extraction of rents might well play a significant role in U.S. ... in any examination of the practice and regulation of ...

Executive compensation in America : optimal contracting or ...

Executive compensation in America : optimal contracting or extraction of rents? Lucian Arye Bebchuk; Jesse Fried and David I. Walker. Year of publication: 2001.

Managerial Power and Rent Extraction in the Design - jstor

8 Under the optimal contracting approach, this is exactly what executive compensation packages are designed to do. The board, attempting to maximize shareholder ...

Power, rent extraction, and executive compensation - EconStor

In studying executive compensation, financial economists traditionally have followed what might be referred to as “the optimal contracting approach.” Under this ...

The determinants of CEO compensation: Rent extraction or labour ...

The alternate view, rent extraction theory, posits that CEO compensation level is excessive reflecting the CEO's ability to extract private benefits in excess ...

Managerial power and rent extraction in the design of executive ...

Because outrage resulting from outsiders' recognition of the presence of rent extraction provides a possible check on managers' power to extract rent, managers ...

Optimal CEO Incentives

... whether executive compensation results from rent extraction or optimal contracting. We construct […]

Optimal contracts with adverse selection and moral hazard - AWS

Indeed, we show that if an agent gets a limited-liability rent only, a novel trade-off arises between efficiency and limited-liability rent extraction because ...

Managerial power and rent extraction in the design of executive ...

Under the optimal contracting approach to executive compensation, which has dominated academic research on the subject, pay arrangements are set by a board of ...