A large, mature and robust economic literature on pay for performance now exists, whichprovides a useful framework for … thinking about pay for performance systems. I use thelessons of the literature to discuss how to design and implement pay for … performance inpractice.... …

performance subséquente de la firme. Sur la base des données portant sur la rémunération des dirigeants de 101 entreprises cotées …'endettement et de dividende, s'avèrent négatives et significatives. S'agissant de la relation stock-options/performance, nos … performance de l'entreprise, mesurée par le Q de Tobin et le ROA. Ainsi, nos résultats semblent confirmer les prédictions des …

.<P> Distorted performance measures in compensation contracts elicit suboptimal behavioral responses that may even prove to be … used class of Residual Income based performance measures —such as Economic Value Added (EVA)— is distorted, leading to … and the self-selection of firms using EVA. Our findings indicate that EVA is a distorted performance measure that elicits …

Baker (2002) has demonstrated theoretically that the quality of performance measures used in compensation contracts … noise and distortion of a performance measure can be measured. Courty and Marschke (2007) have recently developed an elegant … empirical test to detect distortion, based on the degradation of a performance measure subsequent to increasing its weight in …

Baker (2002) has demonstrated theoretically that the quality of performance measures used in compensation contracts … noise and distortion of a performance measure can be measured. Courty and Marschke (2007) have recently developed an elegant … empirical test to detect distortion, based on the degradation of a performance measure subsequent to increasing its weight in …

the performance measure and its similarity (congruity, congruence) to the benefit of the manager's employer. A necessary …

marked increase in the sensibility of CEO pay to performance is observed for those companies that experienced high voting …