Search Results - subject:"EXECUTIVE COMPENSATION"

Does Enhanced Disclosure Curb CEO Pay? Evidence from a Modern Information Technology Improvement

Babenko, Ilona; Bennett, Benjamin; Wang, Zexi - 2023

We provide evidence that enhanced corporate disclosure curbs CEO pay. Using a difference-in-differences design around the staggered implementation of SEC EDGAR system from 1993 to 1996, we find that CEO pay declines by approximately 7-10% following EDGAR implementation. The effect concentrates...

Persistent link: https://www.econbiz.de/10014349335

Skin in the Game : Risk of Environmental Pollution and Executive Compensation Incentives

Tian, George Zhe - 2023

I investigate whether and how risk of environmental pollution affects executive compensation. Leveraging a novel … with large-scale evacuations affect executive compensation in the neighboring firms excluding the responsible parties. I …

Persistent link: https://www.econbiz.de/10014349758

Betting on the CEO

Bhattacharya, Utpal; Chau, Yuet; Nielsen, Kasper Meisner - 2023

We study the extent to which active mutual funds bet on the CEO. We find unusual trading and exit rates in a CEO turnover month, particularly for raided CEOs, consistent with larger bets being placed on talented CEOs. Some funds persistently bet (not bet) on the CEO – the jockey (horse)...

Persistent link: https://www.econbiz.de/10014349843

Executive Compensation in Publicly Traded Companies in Israel

Graham Rozen, Meital - 2023

In this paper, I examine determinants and trends in top executive compensation in Israeli publicly traded firms between … the years 1995–2018. I find a large increase in executive compensation in the earlier period of the sample culminating in … financial firms. As a result, the average executive compensation in financial firms has neared the level of the average …

Persistent link: https://www.econbiz.de/10014349980

The Role of Compensation Contracts in Shaping Conservative Accounting : Evidence from Executive Clawback Provisions

Choi, Ahrum; Lee, Sam (Sunghan); Oh, Peter (Seung Hwan); … - 2023

We examine whether executive compensation contracts affect conservative accounting. Managers, on the one hand, may …

Persistent link: https://www.econbiz.de/10014350210

Compensation Consultants, Limited Participation, and CEO Pay

Carosi, Andrea; Guedes, Jose - 2023

suggests that participation constraints can go a long way in explaining executive compensation …

Persistent link: https://www.econbiz.de/10014350277

Optimal Contracting or Managerial Power : Evidence from the Role of Independent Directors in Adjusting CEO Inside Debt

Buchanan, Bonnie; Wang, Shuhui; Yang, Tina - 2023

Whether executive compensation practices reflect optimal contracting or managerial power is one of the most fundamental … independence is associated with a slower adjustment speed. Our results have policy implications since executive compensation …

Persistent link: https://www.econbiz.de/10014350887

Debt Dynamics in Executive Compensation

Huang, Xingyu; Reeb, David M.; Zhao, Wanli - 2023

The prevailing agency theory framework in executive compensation studies highlights the conflict of interest between … (DPMs), such as credit ratings and debt-to-EBITDA ratios, into executive compensation contracts. Using a manually collected …&D intensity and SG&A expenses. Our study highlights the importance of debt-related factors in executive compensation and …

Persistent link: https://www.econbiz.de/10014351042

Competitive Target Pay Practices for CEO Compensation

Ferrari, Mascia; Reggiani, Francesco; Rajgopal, Shivaram; … - 2023

The competitive target pay policy sets a target dollar number for total CEO compensation within a specified range of the amounts paid to a CEO’s peers chosen from similar sized firms in the same industry. If such a policy were widely adopted by compensation committees, we would observe a...

Persistent link: https://www.econbiz.de/10014351180

The Nail that Stands is Hammered Down : Using Financial Reporting Comparability to Set Peer Groups on Benchmarking for Managerial Compensation in Japan

Hamamura, Jumpei; Inoue, Kento - 2023

In this study, we explore managerial compensation contracts in Japan, based on financial reporting comparability as a basic peer firms’ setting. Although listed companies in Japan are required to disclose their managerial compensation contracts since 2019, most companies do not report the...

Persistent link: https://www.econbiz.de/10014351318