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The Determinants of Executive Salaries: An Econometric Survey
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The Determinants of Executive Salaries: An Econometric Survey (1980)The Determinants of Executive Salaries: A…Executive compensation (2008)Executive compensationMoney and Motivation (1977)Money and MotivationManagerial Pay and Corporate Performance (1970)Managerial Pay and Corporate …Contracts and the Market for Executives (2009)Contracts and the Market for …Executive compensation and agency costs in Germany (2002)Executive compensation and ag…Managerial compensation and incentives in for-profit and nonprofit hospitals (1999)Managerial compensation and i…Firm Strategy and Age Dependence: A Contingent View of the Liabilities of Newness, Adolescence, and Obsolescence (1999)Firm Strategy and Age Depende…Executive Compensation: Six Questions That Need Answering (1999)Executive Compensation: Six Q…Executive Compensation: Six Questions that Need Answering (1999)Executive Compensation: Six Q…FORM OF CONTROL: A CRITICAL DETERMINANT OF ACQUISITION PERFORMANCE AND CEO REWARDS (1997)FORM OF CONTROL: A CRITICAL D…Executive ownership, corporate value, and executive compensation: A unifying framework (1996)Executive ownership, corporat…TOP PAY, COMPANY PERFORMANCE AND CORPORATE GOVERNANCE† (1994)TOP PAY, COMPANY PERFORMANCE …Managerial Risk Taking in Diversified Firms: An Evolutionary Perspective (1991)Managerial Risk Taking in Div…Contracts and the Market for Executives (1990)Contracts and the Market for …Determinants of Chief Executive Officer Compensation (1988)Determinants of Chief Executi…Corporate control and management compensation: Evidence on the agency problem (1988)Corporate control and managem…BOARDS OF DIRECTORS, TOP MANAGEMENT COMPENSATION, AND SHAREHOLDER RETURNS. (1987)BOARDS OF DIRECTORS, TOP MANA…The Product Portfolio and Profitability--A PIMS-Based Analysis of Industrial-Product Businesses. (1982)The Product Portfolio and Pro…Accounting and corporate accountability (1982)Accounting and corporate acco…The Modern Corporation and Private Property (1933)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)A Life Cycle Theory of the Firm (1972)Corporate Ownership and Control: The Large Corporation and the Capitalist Class (1974)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Matching compensation and organizational strategies (1990)Moral Hazard and Observability (1979)Agency Problems and the Theory of the Firm (1980)Separation of Ownership and Control (1983)CEO turnover, firm performance and corporate governance: empirical evidence on Danish firms (2002)Equal but Inequitable: Who Benefits from Gender-Neutral Tenure Clock Stopping Policies? (2018)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Management ownership and market valuation (1988)Social influence effects and managerial compensation evidence from Germany (2006)Determinants of director compensation in two-tier systems: evidence from German panel data (2010)CEO compensation, family control, and institutional investors in Continental Europe (2012)Performance Configurations over Time: Implications for Growth– and Profit–Oriented StrategiesAbsorptive Capacity: A New Perspective on Learning and Innovation (1990)Firm Resources and Sustained Competitive Advantage (1991)Avoiding Competence Substitution Through Knowledge Sharing (2000)THE CONDITIONING EFFECT OF TIME ON FIRM SURVIVAL: AN INDUSTRY LIFE CYCLE APPROACH. (2002)Firm resources and sustained competitive advantage (2004)The Role of Nonprofit Enterprise (1980)Multitask Principal–Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design (1991)The Wage Differential between Nonprofit Institutions and Corporations: Getting More by Paying Less? (1998)The Provision of Incentives in Firms (1999)Managerial Incentives in Nonprofit Organizations: Evidence from Hospitals (2002)Principal-agent relationships on the stewardship-agency axis (2006)The Pricing of Options and Corporate Liabilities (1973)The effect of bonus schemes on accounting decisions (1985)Performance Pay and Top-Management Incentives (1990)Agency Theory and Executive Compensation: The Case of Chinese State‐Owned Enterprises (2004)Why Has CEO Pay Increased so Much? (2006)Executive Compensation: A Survey of Theory and Evidence (2017)The Modern Corporation and Private Property (1933)The theory and practice of econometrics (1986)MANAGERIAL CONTROL, PERFORMANCE, AND EXECUTIVE COMPENSATION. (1987)Family CEOs vs. Nonfamily CEOs in the Family-Controlled Firm: An Examination of the Level and Sensitivity of Pay to Performance (2000)Job and life attitudes of male executives. (1994)Worth, words, and the justification of executive pay (1997)The Impact of Board Composition on Firms’ Critical Decisions: A Meta-Analytic Review (2005)The Social Responsibility of Business Is to Increase Its Profits (2007)Corporate Governance of Banks in Developing Economies: concepts and issues (2004)An empirical examination of the costs and benefits of executive stock options: Evidence from Japan (2005)The Evolution of Income Concentration in Japan, 1886–2005: Evidence from Income Tax Statistics (2008)The External Control of Organizations. (1978)Income Inequality in the United States, 1913-1998 (2003)Political turnover and economic performance: the incentive role of personnel control in China (2004)
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References

  • 2008Executive compensation2,390 cited
  • 1970Managerial Pay and Corporate Performance314 cited
  • 1977Money and Motivation131 cited

Cited by

  • 1999Firm Strategy and Age Dependence: A Contingent View of the Liabilities of Newness, Adolescence, and Obsolescence399 cited
  • 1987BOARDS OF DIRECTORS, TOP MANAGEMENT COMPENSATION, AND SHAREHOLDER RETURNS.232 cited
  • 1999Executive Compensation: Six Questions that Need Answering230 cited
  • 1988Determinants of Chief Executive Officer Compensation218 cited
  • 1999Managerial compensation and incentives in for-profit and nonprofit hospitals211 cited
  • 2009Contracts and the Market for Executives203 cited
  • 2002Executive compensation and agency costs in Germany192 cited
  • 1999Executive Compensation: Six Questions That Need Answering192 cited
  • 1996Executive ownership, corporate value, and executive compensation: A unifying framework192 cited
  • 1991Managerial Risk Taking in Diversified Firms: An Evolutionary Perspective183 cited
  • 1990Contracts and the Market for Executives181 cited
  • 1982Accounting and corporate accountability175 cited

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  • 1997FORM OF CONTROL: A CRITICAL DETERMINANT OF ACQUISITION PERFORMANCE AND CEO REWARDS154 cited
  • 1982The Product Portfolio and Profitability--A PIMS-Based Analysis of Industrial-Product Businesses.154 cited
  • 1994TOP PAY, COMPANY PERFORMANCE AND CORPORATE GOVERNANCE†145 cited
  • 1988Corporate control and management compensation: Evidence on the agency problem140 cited