Lustig, Hanno; Syverson, Chad; Van Nieuwerburgh, Stijn - In: Journal of Financial Economics 99 (2011) 3, pp. 601-627
Three of the most fundamental changes in US corporations since the early 1970s have been (1) the increased importance of organizational capital in production, (2) the increase in managerial income inequality and pay-performance sensitivity, and (3) the secular decrease in labor market...