Chapter 38 Executive compensation

This chapter summarizes the empirical and theoretical research on executive compensation and provides a comprehensive and up-to-date description of pay practices (and trends in pay practices) for chief executive officers (CEOs). Topics discussed include the level and structure of CEO pay (including detailed analyses of annual bonus plans, executive stock options, and option valuation), international pay differences, the pay-setting process, the relation between CEO pay and firm performance (“pay-performance sensitivities”), the relation between sensitivities and subsequent firm performance, relative performance evaluation, executive turnover, and the politics of CEO pay.

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Year of publication:	1999
Authors:	Murphy, Kevin J.
Published in:	Handbook of labor economics : volume 3, part B. - Amsterdam [u.a.] : Elsevier, ISBN 978-0-444-50188-2. - 1999, p. 2485-2563
Subject:	Managervergütung \| Executive compensation \| Führungskräfte \| Managers \| Vergütungssystem \| Compensation system \| Leistungsentgelt \| Performance pay \| Lohn \| Wages \| Prinzipal-Agent-Theorie \| Agency theory

Type of publication:	Article
Language:	English
Other identifiers:	10.1016/S1573-4463(99)30024-9 [DOI]
Classification:	J33 - Compensation Packages; Payment Methods ; J44 - Professional Labor Markets and Occupations ; G3 - Corporate Finance and Governance ; G39 - Corporate Finance and Governance. Other ; J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014024708