Based on the recent SEC-mandated disclosures of CEO-worker pay ratios, we find that firms
significantly decrease (increase) their CEO-worker pay ratios when their prior pay ratios are …

This paper examines complexity in CEO compensation contracts. We develop a measure of
compensation complexity and provide empirical evidence that complexity has increased …

We investigate the consequences for non-promoted executives (NPEs) in CEO tournaments.
We find that NPEs' total incentives decrease following the end of a tournament based on …

I report and analyze a recent “one-size-fits-all” trend in the structure of executive
compensation plans. Since 2006, 24% of the variation in the distribution of CEO …

This article examines the role of CEOs' personal incentives in steering their firms' CSR
initiatives following their compensation peers, subsequently influencing their career …

Using Census microdata on 28,000 manufacturing plants, we examine how firms manage
employee retention concerns. In response to reductions in the local unemployment rate …

Our study is the first to provide systematic evidence of a hump-shaped CEO tenure-firm
value relation. Cross-sectionally, firm value starts to decline after fewer years of CEO tenure …

Using data on earnings targets in annual bonus plans, we construct and validate an
empirical measure of beginning-of-year target difficulty and show that it is negatively …

Purpose Research on the effect of executive equity incentives is equivocal. Based on
agency theory, some scholars take the convergence of interest logic to highlight the benefits …

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