This paper examines the reliance on ESG metrics in executive compensation contracts. In our sample of international publicly traded firms, a rapidly growing fraction incorporate ESG metrics in the compensation schemes of their top executives. Our analysis links the reliance on these metrics to...

Regulation regarding compensation for employee inventions can reduce disputes between employer and any employee inventor by making transparent the legal rights. Although many such patents do not recover their costs, some make immense profits for the company. Therefore, introduction of a system...

This study empirically investigates the relationship between independent directors' cash compensation and the likelihood of corporate fraud. Using data of 2542 Chinese firms and 17239 firm years from 2010 to 2017, the findings of logistic regression, firm-fixed effects, instrumental variable...

Stakeholders are increasingly concerned with the social and environmental impacts of modern corporations. These concerns have led to directly incentivizing CEOs by making their pay contingent on ESG outcomes. In this paper, we propose to examine the implications of ESG-linked pay on the CEO...

I study the effect of passive institutional ownership on the horizon of CEO pay. A one-standard-deviation increase in passive ownership leads to a 0.46-standard-deviation increase in the compensation duration. I find evidence of proxy voting by passive investors as the channels through which...