Ng, Lilian; Sibilkov, Valeriy; Wang, Qinghai; Zaiats, … - In: Journal of Corporate Finance 17 (2011) 5, pp. 1510-1530
This paper studies the impact of the 2003 SEC Regulation requiring shareholder approval of all equity-based executive compensation plans on executive compensation policies and practices at S&P 500 firms. Following the 2003 Regulation, firms with shareholder approved equity plans in place or...