The Effect of Competition on Executive Compensation and Incentives

Using employer–employee data, we find that increased competition following the reform raised total pay but reduced the sensitivity of pay to firm performance.

Using employer-employee data, we find that increased competition following the reform raised total pay but reduced the sensitivity of pay to ...

The Effect of Competition on Executive Compensation and ...

The Effect of Competition on Executive Compensation and Incentives: Evidence from a Quasi-natural Experiment Check holdings New School Offsite Periodicals ...

Online Appendix to The Effect of Competition on Executive ...

The Effect of Competition on Executive Compensation and Incentives: Evidence from a Quasi-natural Experiment. (Not for publication). Ana P. Fernandes.

The Effect of Competition on Executive ... - Project MUSE

This paper studies the effect of increased product market competition on executive compensation and incentives. We use a reform that simplified firm entry ...

The Effect of Competition on Executive Compensation and Incentives

Using employer-employee data, we find that increased competition following the reform raised total pay but reduced the sensitivity of pay to firm performance.

The Effect of Competition on Executive ... - Project MUSE

The Effect of Competition on Executive Compensation and Incentives Evidence from a Quasi-natural Experiment. Ana P. Fernandes, Priscila Ferreira, and L. Alan ...

The effect of competition on executive compensation and incentives ...

The effect of competition on executive compensation and incentives : evidence from a quasi-natural experiment. Ana P. Fernandes, Priscila Ferreira, L. Alan ...

Market competition and executive pay - IZA World of Labor

Increased competition affects the pay incentives firms provide to their managers and may also affect overall pay structures.

The effect of supplier industry competition on pay-for-performance ...

We predict that firms increase CEO pay-for-performance incentives on earnings as supplier industry competition increases.

Disturbing the Quiet Life? Competition and CEO Incentives

We find that competition reduces firm profits and total CEO compensation, including equity grants, which then also weakens portfolio incentives.

Foreign competition and CEO risk-incentive compensation

More intense competition can affect firm profits and risk and therefore could have a significant impact on CEO incentives (Hermalin (1992), Schmidt (1997), ...

Compensation Packages That Actually Drive Performance

Decisions about executive pay can have an indelible impact on a company. When compensation is managed carefully, it aligns people's behavior with the ...

The Effect of Competition on Executive Compensation and Incentives

The Effect of Competition on Executive Compensation and Incentives ; Elsevier. The effectiveness of entry deregulation: Novel evidence from ...

Executive Compensation and Product Market Competition - CORE

Sec- ondly competition changes the risk and implicit incentives that the economic environment provides to managers and accordingly, it may change the optimal ...

Executive compensation and competition in the banking ... - INSEAD

This theoretical literature shows how, in a principal–agent framework, firms may alter the structure of the incentive contracts they offer to their executives, ...

NBER WOR~G PAPER SERIES EXECUTIVE COMPENSATION ...

More competitive industries are characterized by weaker pay-performance incentives. Empirically, we find strong evidence of this inverse relationship in the ...

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

We show that strategic interactions among firms can explain the lack of relative performance-based incentives in which compensation decreases with rival firm ...

The effect of competition on executive compensation and incentives

This is consistent with theoretical results showing that a fall in entry costs weakens managerial incentive provision. Entry deregulation also increased ...

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 ...