This paper reviews the theoretical and empirical literature on executive compensation. We
start by presenting data on the level of CEO and other top executive pay over time and …

We present a mechanism based on managerial incentives through which common
ownership affects product market outcomes. Firm-level variation in common ownership …

In state owned enterprises (SOEs), taxes are a dividend to the controlling shareholder, the
state, but a cost to other shareholders. We examine publicly traded firms in China and find …

Using a large data set of performance goals employed in executive incentive contracts, we
find that a disproportionately large number of firms exceed their goals by a small margin as …

This article studies traditional and modern theories of executive compensation, bringing
them together under a simple unifying framework accessible to the general-interest reader …

The usage of performance-vesting (pv) equity awards to top executives in large US
companies has grown from 20 to 70 percent from 1998 to 2012. We measure the effects of …

Current research shows that firms are more likely to benchmark against peers that pay their
Chief Executive Officers (CEOs) higher compensation, reflecting self serving behavior. We …

We examine how the mandatory adoption of International Financial Reporting Standards
(IFRS) in continental Europe affects the contractual usefulness of accounting information in …

This paper reports the results of three studies (archival, experimental, and qualitative)
designed to examine the effects of auditor narcissism on auditor‐client negotiations in …

This paper studies how peer performance affects firms' earnings management decisions.
Using peer firms' idiosyncratic returns as an exogenous peer performance measure and the …