PETERS, FLORIAN S.; WAGNER, ALEXANDER F. - In: Journal of Finance 69 (2014) 4, pp. 1529-1563
type="main" <title type="main">ABSTRACT</title> <p>We establish that CEOs of companies experiencing volatile industry conditions are more likely to be dismissed. At the same time, accounting for various other factors, industry risk is unlikely to be associated with CEO compensation other than through dismissal risk. Using...</p>