We investigate the role of Relative Performance Evaluation (RPE) theory in CEO pay and
turnover using a product similarity-based definition of peers. RPE predicts that firms filter out …

We find that director pay, especially the equity-based portion, is positively related to peer
firms' director pay, suggesting boards benchmark when establishing their own …

We examine whether the contribution of firm-level accounting earnings to the
informativeness of the aggregate is tilted towards earnings with specific financial reporting …

Although relative performance evaluation (RPE) represents an important compensation
practice, selecting a relevant peer firm poses a challenge for compensation committees. We …

We develop an algorithm that constructs custom peer groups for use in relative performance
evaluation (RPE) grants, and use this algorithm to understand firms' RPE choices. We find …

Similarity between a firm and a potential peer firm with respect to important economic
characteristics is a first-order criterion to select peer firms. As economic characteristics are …

Top managers have a significant impact on organizations because they are responsible for
the formulation and implementation of corporate strategies, have the visibility and influence …

Bloomfield, Marvão, and Spagnolo (2023) establish an interesting yet puzzling finding: Firms
in concentrated industries that form cartels are more likely to use relative performance …

Relative Performance Evaluation and Long-Term Incentives Page 1 Relative Performance
Evaluation and Long-Term Incentives Stephan Kramer Erasmus University Rotterdam …

We show that firms adopting relative performance (RPE) evaluation exhibit a higher extent of
tax avoidance and managerial performance incentives. The result shows that the RPE-tax …