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Globalization and Executive Compensation

Keller, Wolfgang - 2017

This paper finds that globalization is contributing to the rapid increase in executive compensation over the last few decades. Employing comprehensive data on top executives at major U.S. companies, we show that their compensation is increasing with exports and foreign direct investment, as well...

Persistent link: https://www.econbiz.de/10012956923

Compensation and Firm Performance

Ehrenberg, Ronald G.; Milkovich, George T. - 2021

This paper uses stochastic simulation and my U.S. econometric model to examine the optimal choice of monetary policy instruments. Are the variances, covariances, and parameters in the model such as to favor one instrument over the other, in particular the interest rate over the money supply? The...

Persistent link: https://www.econbiz.de/10013228257

CEO Compensation

Frydman, Carola - 2010

result of powerful managers setting their own pay. Others interpret high pay as the result of optimal contracting in a …

Persistent link: https://www.econbiz.de/10013135394

Pay Cuts for the Boss : Executive Compensation in the 1940s

Frydman, Carola - 2011

using a new panel dataset on the remuneration of top executives in 246 firms. We find that government regulation …

Persistent link: https://www.econbiz.de/10013121089

Executive Compensation : Facts

Clementi, Gian Luca - 2010

In this paper we describe the important features of executive compensation in the US from 1993 to 2006. Some confirm what has been found for earlier periods and some are novel. Important facts about compensation are that: the compensation distribution is highly skewed; each year, a sizeable...

Persistent link: https://www.econbiz.de/10013150549

Agency, Delayed Compensation, and the Structure of Executive Remuneration

Eaton, Jonathan; Rosen, Harvey S. - 2021

In this paper we examine the factors affecting the structure of executives' compensation packages. We focus particularly on the role of various types of delayed compensation as means of "bonding" executives to their firms. The basic problem is to design a compensation package that rewards...

Persistent link: https://www.econbiz.de/10013247010

The Pay to Performance Incentives of Executive Stock Options

Hall, Brian J. - 2010

Detailed data about stock option contracts are used to measure and analyze the pay to performance incentives of executive stock options. Two main issues are addressed. The first is the pay to performance incentives created by the revaluation of stock option holdings. The findings suggest that if...

Persistent link: https://www.econbiz.de/10012763587

Executive Compensation and the Optimality of Managerial Entrenchment

Gorton, Gary - 2008

through time, allowing for the possibility of replacing a shirking manager; firms have many managers, constraining the amount …

Persistent link: https://www.econbiz.de/10012774972

Executive Pensions

Bebchuk, Lucian A.; Jackson, Jr., Robert J. - 2022

Because public firms are not required to disclose the monetary value of pension plans in their executive pay disclosures, financial economists have generally analyzed executive pay using figures that do not include the value of such pension plans. This paper presents evidence that omitting the...

Persistent link: https://www.econbiz.de/10013308498

Product and Labor Market Regulations, Production Prices, Wages and Productivity

Cette, Gilbert - 2014

through their various impacts on changes in production prices and wages. In a first stage, the estimation of a regression … average of industrial prices from other industries, and by indicators of country wages weighted by industry labour shares for … basis of their calibration by the OECD product and labour market anti-competitive regulation indicators suggests that nearly …

Persistent link: https://www.econbiz.de/10013046151