Cahill, Miles; George, Alaina - Department of Economics and Accounting, College of the … - 2003
incentive pay. Specifically, when analyzing total compensation (including stock options), executive pay seems to be positively … market of the 1990s. This paper estimates a model of incentive pay using data from more recent volatile markets of 1999 …-2001, and finds that the incentive component of executive pay has at least diminished, and has perhaps reversed. Thus, incentive …