Relative Performance Evaluation for Chief Executive Officers

Relative Performance Evaluation for Chief Executive Officers - jstor

RELATIVE PERFORMANCE EVALUATION. FOR CHIEF EXECUTIVE OFFICERS. ROBERT GIBBONS AND KEVIN J. MURPHY*. Relative performance evaluation (RPE) provides employees ...

relative performance evaluation for chief executive officers

Relative-performance contracts for chief executive officers (CEOs) are inexpensive to administer, since stock performance of rival firms is available on a ...

Relative Performance Evaluation for Chief Executive Officers

Abstract. Relative performance evaluation (RPE) provides employees with an incentive to perform well while insulating their compensation from shocks that also ...

Relative Performance Evaluation for Chief Executive Officers

Relative Performance Evaluation for Chief Executive Officers · executive compensation · agency theory · relative performance evaluation. Abstract. Measured ...

Relative Performance Evaluation in CEO Compensation: A Talent ...

In this article, we investigate a market-for-talent rationale for the use of relative performance evaluation (RPE) in CEO compensation.

(PDF) Relative Performance Evaluation for Chief Executive Officers

PDF | Relative performance evaluation (RPE) provides employees with an incentive to perform well while insulating their compensation from ...

Relative Performance Evaluation for Chief Executive Officers

Abstract. Measured individual performance often depends on random factors which also affect the performances of other workers in the same firm, industry, or ...

Relative Performance Evaluation in CEO Compensation

Within their setting, the contract can be implemented using relative performance evaluation (RPE) based on the rank of. CEO talent relative to talent peers. We ...

Relative Performance Evaluation for Chief Executive Officers

By Robert Gibbons and Kevin J. Murphy; Abstract: Relative performance evaluation (RPE) provides employees with an incentive to perform well while insulating ...

Relative Performance Evaluation for Chief Executive Officers

Relative Performance Evaluation for Chief Executive Officers ; Author(s): Robert Gibbons; Kevin Murphy ; Publication Year: 1990 ; Source: Industrial and Labor ...

CEO Power and Relative Performance Evaluation

We model relative performance evaluation (RPE) when a Chief Executive Officer (CEO) has the power to opportunistically influence the design of RPE by ...

Relative Performance Evaluation in CEO Compensation: A Talent ...

Relative performance evaluation (RPE) in CEO compensation can be used as a commitment device to pay CEOs for their revealed relative talent.

Relative Performance Evaluation in CEO Compensation: A Talent ...

Second, using a novel empirical specification for detecting RPE, we find RPE is less prevalent when CEO talent is less transferrable: Among ...

CEOs' outside opportunities and relative performance evaluation

Abstract. This paper examines the effect of CEOs' outside opportunities on the use of relative performance evaluation (RPE) in CEO compensation. My tests ...

Peer Firms in Relative Performance Evaluation

Relative performance evaluation (RPE) in CEO compensation provides insurance against external shocks and yields a more informative measure ...

Relative Performance Evaluation and Strategic Differentiation

Relative performance evaluation (RPE) can provide CEOs with efficient effort incentives (Holmström 1982). However, investors are not only ...

CEO Turnover and Relative Performance Evaluation

This paper shows that CEOs are fired after bad firm performance caused by factors beyond their control. Standard economic theory predicts that corporate ...

How relative performance evaluation affects corporate risk taking

First, relative rather than absolute performance matters. Under an RPE contract, the CEO usually receives no award if her firm does not outperform a pre- ...

CEO Power and Relative Performance Evaluation

We model relative performance evaluation (RPE) when a Chief Executive Officer (CEO) has the power to opportunistically influence the design ...

CEO Overconfidence and Relative Performance Evaluation

Using an options-based measure of CEO overconfidence in the period of 1998-2014, we show that firms with overconfident CEOs have higher return ...