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How much sunlight does it take to disinfect a boardroom?: a short history of executive compensation regulation

Dew-Becker, Ian - 2008

This paper reviews the history of executive compensation disclosure and other government policies affecting CEO pay, and as well surveys the literature on the effects of these policies. Disclosure has increased nearly uniformly since 1933. A number of other regulations, including special taxes...

Persistent link: https://www.econbiz.de/10010264423

The Cost of Regulatory Compliance in the United States

Trebbi, Francesco; Zhang, Miao Ben; Simkovic, Michael - 2023

One of the key questions in the study of regulation is whether the costs of regulatory compliance fall homogeneously on … employees face compliance costs that are about 40 percent higher as a share of total wages compared to small or large firms …

Persistent link: https://www.econbiz.de/10014345692

Paying Gig Workers - Evidence from a Field Experiment

Butschek, Sebastian - 2019

We study the performance effects of payment schemes for freelancers offering services on an online platform in an RCT. Under the initial scheme, the firm pays workers a pure sales commission. The intervention reduces the commission rate and adds a fixed payment per processed order to insure...

Persistent link: https://www.econbiz.de/10012857767

CEO Compensation : Evidence from the Field

Edmans, Alex; Gosling, Tom; Jenter, Dirk - 2021

We survey directors and investors on the objectives, constraints, and determinants of CEO pay. 67% of directors would sacrifice shareholder value to avoid controversy on CEO pay, implying they face significant constraints other than participation and incentive compatibility. These constraints...

Persistent link: https://www.econbiz.de/10013220138

Softening the Blow : U.S. State-Level Banking Deregulation and Sectoral Reallocation after the China Trade Shock

Ruslanova, Lilia; Hoffmann, Mathias - 2021

earlier, were also effectively financially more integrated by the 1990’s and saw smaller declines in house prices, wages, and … for housing, keeps the relative price of housing up, stabilizes wages in the non-tradable sector and thus facilitates the …

Persistent link: https://www.econbiz.de/10013243243

Disclosure Deregulation of Quarterly Reporting

Behrmann, Vanessa; Hornuf, Lars; Zimmermann, Jochen - 2022

In this article we investigate the deregulation efforts resulting from the 2015 transposition of the EU’s Transparency Directive into German law and analyze whether a reduction in the minimum content requirements for quarterly reporting increases information asymmetries and decreases firm...

Persistent link: https://www.econbiz.de/10013323972

Technological and Organizational Change and the Careers of Workers

Battisti, Michele; Dustmann, Christian; Schonberg, Uta - 2022

This paper investigates the effects of technological and organizational change (T&O) on jobs and workers. We show that although T&O reduces firm demand for routine relative to abstract task-based jobs, affected workers do not face higher probability of non-employment or lower earnings growth...

Persistent link: https://www.econbiz.de/10014240479

Labor in the Boardroom

Jäger, Simon - 2019

We estimate the effects of a mandate allocating a third of corporate board seats to workers (shared governance). We study a reform in Germany that abruptly abolished this mandate for certain firms incorporated after August 1994 but locked it in for the older cohorts. In sharp contrast to the...

Persistent link: https://www.econbiz.de/10012857903

The Effects of Financial Aid on Graduation and Labor Market Outcomes : New Evidence from Matched Education-Labor Data

Rattini, Veronica - 2022

Financial aid decreases the cost of acquiring additional education. By using Italian administrative and survey data on financial aid recipients and exploiting sharp discontinuities in the amount of aid received, this paper identifies the causal effect of aid generosity on college performance and...

Persistent link: https://www.econbiz.de/10014243160

Discrimination, Managers, and Firm Performance : Evidence from "Aryanizations" in Nazi Germany

Huber, Kilian; Lindenthal, Volker; Waldinger, Fabian - 2021

Large-scale increases in discrimination can lead to dismissals of highly qualified managers. We investigate how … expulsions of senior Jewish managers, due to rising discrimination in Nazi Germany, affected large corporations. Firms that lost … Jewish managers experienced persistent reductions in stock prices, dividends, and returns on assets. Aggregate market value …

Persistent link: https://www.econbiz.de/10013314854