• I Theoretical Links between CEO Turnover and Pay
  • II Data
  • III Cross-sectoral and Time-series Relations between
  • CEO Turnover and Pay
  • A. Empirical Design
  • B. Determinants of Forced Turnover
  • C. Turnover Risk and CEO Pay
  • D. Robustness
  • IV Endogeneity
  • A. Instrumental Variables
  • B. Reverse Causation
  • C. Omitted Variable Bias
  • V Conclusion and Interpretation
  • References
  • Appendix