This paper examines the impact of promotion-based tournament incentives on corporate acquisition performance. Measuring tournament incentives as the compensation ratio between the CEO and other senior executives, we show that acquirers with greater tournament incentives experience lower...

This paper investigates the extent to which Australian CEOs are compensated following the completion of mergers and acquisition (M&A) deals with reference to the incentive alignment and managerial power perspective. Findings reveal that CEOs of acquiring firms significantly receive higher...

We examine a firm’s decision to announce a cut to CEO pay in response to challenges arising from the COVID-19 pandemic. The rationale behind these announcements and the extent of the pay cuts, however, have been widely questioned. Specifically, we examine whether the announcement of a CEO pay...