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 …

What roles do CEOs play in firm performance? To address this question, the management
field has accumulated a substantial amount of research over the past 3 decades built on …

Exploiting a unique hand-built dataset, this paper finds that CEO educational attainment,
both level and quality, matters for bank performance. We offer robust evidence that banks …

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 show that pay is higher for chief executive officers (CEOs) with general managerial skills
gathered during lifetime work experience. We use CEOs' résumés of Standard and Poor's …

This paper is a survey of the literature on boards of directors, with an emphasis on research
done subsequent to the Benjamin E. Hermalin and Michael S. Weisbach (2003) survey. The …

We introduce the concept of “CEO career variety”—defined as the array of distinct
professional and institutional experiences an executive has had prior to becoming CEO …

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 …

We show that economic conditions when managers enter the labor market have long-run
effects on their career paths and managerial styles. Managers who began their careers …