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 …

This paper surveys the recent literature on CEO compensation. The rapid rise in CEO pay
over the past 30 years has sparked an intense debate about the nature of the pay-setting …

Corporate governance (CG) research has largely focused on internal governance
mechanisms (ie the board of directors, controlling owners, and managerial incentives) …

In this paper, we provide a theoretical and empirical framework that allows us to synthesize
and assess the burgeoning literature on CEO overconfidence. We also provide novel …

Purpose The purpose of this research is to look into the governance–performance
relationship in the context of critical firm characteristics, such as firm size …

This paper derives optimal top tax rate formulas in a model where top earners respond to
taxes through three channels: labor supply, tax avoidance, and compensation bargaining …

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 …

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 …

This paper analyzes the links between corporate tax avoidance and the growth of high-
powered incentives for managers. A simple model demonstrates the role of feedback effects …

This paper provides an overview of the main theoretical elements and empirical
underpinnings of a “managerial power” approach to executive compensation. Under this …