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 critique of corporate governance research grounded in agency theory and
propose that cross-national comparison of corporate governance should consider how the …

In this study, I summarize the current state of executive compensation, discuss measurement
and incentive issues, document recent trends in executive pay in both US and international …

We survey two generations of research on corporate governance systems around the world,
concentrating on countries other than the US The first generation of international corporate …

This paper develops an account of the role and significance of managerial power and rent
extraction in executive compensation. Under the optimal contracting approach to executive …

This paper develops a simple equilibrium model of CEO pay. CEOs have different talents
and are matched to firms in a competitive assignment model. In market equilibrium, a CEO's …

As this book clearly demonstrates, structural flaws in corporate governance have produced
widespread distortions in executive pay. Pay without Performance presents a disconcerting …

The relationship between financial incentives and performance, long of interest to social
scientists, has gained new relevance with the advent of web-based" crowd-sourcing" models …

We survey directors and investors on the objectives, constraints, and determinants of CEO
pay. We find that directors face constraints beyond participation and incentives, and that pay …

This paper analyzes the relation between working capital management and profitability for
small and medium-sized enterprises (SMEs) by controlling for unobservable heterogeneity …