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

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

We examine whether RPE awards, particularly the peer group, are structured in a manner consistent with economic theory.

We examine whether RPE awards, particularly the peer group, are structured in a manner consistent with economic theory.

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

Relative performance (RPE) awards have become an important component of executive compensation. We examine whether RPE awards, particularly the peer group, are ...

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

Relative performance (RPE) awards have become an important component of executive compensation. We examine whether RPE awards, particularly the peer group, ...

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

Request PDF | The Choice of Peers for Relative Performance Evaluation in Executive Compensation | Relative performance (RPE) awards have become an important ...

Peer-Specific Knowledge and Peer Group Properties in Relative ...

We examine two related outcomes accordingly: (1) the relevance of the peer firms and (2) the use of peer-performance information. The effect of ...

Peer firms in relative performance evaluation - ScienceDirect.com

In this paper, I study how the choice of peer group affects tests of RPE, which is a joint test of how incentives are granted and of what constitutes a peer ...

Peer Firms in Relative Performance Evaluation

When peers are composed of similar industry-size firms, evidence is consistent with the use of RPE in CEO compensation. JEL Classification: J33, ...

Relative Performance Evaluation and the Peer Group Opportunity Set

We find that firms are significantly more likely to use peer-based RPE when an effective peer group is readily available. Peer availability is ...

Relative Performance Evaluation and the Peer Group Opportunity Set

Abstract: This paper introduces an algorithm that mimics the relative performance evaluation (“RPE”) peer selection process and constructs a plausible peer ...

Relative Performance Evaluation and Related Peer Groups in ...

Finally, both efficient contracting and rent extraction considerations influence RPE peer selection, with the relative impor- tance of these competing ...

Peer Firms in Relative Performance Evaluation

In my forthcoming Journal of Accounting and Economics paper Peer Firms in Relative Performance Evaluation, I study how the choice of peer group ...

Relative Performance Evaluation and Competitive Aggressiveness

That is, RPE firms with peer group overlap at the 90th percentile have 76% higher advertising expenditures and 17% lower operating margins than ...

Relative Performance Evaluation in CEO Compensation

We gather data on CEO compensation contracts of US public firms and identify the functional form associated with RPE as well as the choice of performance peers.

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 ...

(PDF) The Role of Peer Firm Selection in Explicit Relative ...

the actual peer group relative to the alternatives. ... peers, firms select peers consistent with theory. ... type of peer group used in RPE awards is a broad ...

Relative Performance Evaluation and Strategic Peer‐Harming ...

Most RPE grants use relative total shareholder return (“rTSR”) to evaluate performance on the basis of stock price; we refer to the peers used ...

Implementing relative performance evaluation: The role of life cycle ...

Using explicit peer firm disclosures and a peer selection model, we show that firms routinely select life cycle peers. Further, using implicit RPE tests, we ...

Relative Performance Evaluation and Long-Term Incentives

Keywords: Relative performance evaluation, CEO compensation, incentives, peer group choice. Data Availability: Data used in this study is publicly available ...

Relative performance evaluation and related peer groups in ...

We demonstrate that a lack of knowledge of both actual peer-group composition and the link between RPE-based performance targets and future peer performance ...