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 …

Researchers have used various measures as indications of “earnings quality” including
persistence, accruals, smoothness, timeliness, loss avoidance, investor responsiveness …

Prior theoretical work generates conflicting predictions with respect to how CEO age impacts
risk-taking behavior. Consistent with the prediction that risk-taking behavior decreases as …

We provide the first direct empirical evidence of the effect of CEO social capital on aggregate
corporate risk-taking. Our theory predicts that CEOs with high social capital display higher …

The relationship between compensation, performance, and risk in a sample of Pakistani
banks, using panel data for 20 banks from 2011 to 2021 has been examined in this …

Using a large sample of US firms for the period 1993–2009, we provide evidence that the
sensitivity of a chief financial officer's (CFO) option portfolio value to stock price is …

Over a period that includes the 1998 Russian crisis and 2007–2009 financial crisis, banks
with overconfident chief executive officers (CEOs) were more likely to weaken lending …

This study linked CEO hubris to firm risk taking and examined the moderating role of
managerial discretion in this relationship. Drawing on upper echelons theory and behavioral …

We provide empirical evidence of a strong causal relation between managerial
compensation and investment policy, debt policy, and firm risk. Controlling for CEO pay …

This paper reexamines the relation between firm value and board structure. We find that
complex firms, which have greater advising requirements than simple firms, have larger …