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Strategic Flexibility and the Optimality of Pay for Sector Performance
16 references·16 citing·44 second hopsampled
Strategic Flexibility and the Optimality of Pay for Sector Performance (2010)Strategic Flexibility and the Optimality …What Matters in Corporate Governance? (2008)What Matters in Corporate Gov…Asymmetric benchmarking in compensation: Executives are rewarded for good luck but not penalized for bad (2006)Asymmetric benchmarking in co…Managerial incentives and risk-taking☆ (2005)Managerial incentives and ris…Why Do Firms Use Incentives That Have No Incentive Effects? (2004)Why Do Firms Use Incentives T…Executive Compensation as an Agency Problem (2003)Executive Compensation as an …CEO reputation and stock-based compensation (2003)CEO reputation and stock-base…Explaining the Diversification Discount (2002)Explaining the Diversificatio…Econometric Analysis of Cross Section and Panel Data (2001)Econometric Analysis of Cross…Are CEOs Rewarded for Luck? The Ones Without Principals Are (2001)Are CEOs Rewarded for Luck? 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(2007)Business Model Design and the Performance of Entrepreneurial Firms (2007)Agency costs of free cash flow, corporate finance, and takeovers (1996)A Survey of Corporate Governance (1997)Socially responsible firms (2016)Law and Finance (1998)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)Does governance travel around the world? Evidence from institutional investors (2010)Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis (2017)Financial Intermediation and Delegated Monitoring (1984)General purpose technologies ‘Engines of growth’? (1995)A Behavioral Approach to the Rational Choice Theory of Collective Action Presidential Address, American political Science Association, 1997 (2010)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)
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References

  • 2001Econometric Analysis of Cross Section and Panel Data27,575 cited
  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1990Performance Pay and Top-Management Incentives5,080 cited
  • 1982Moral Hazard in Teams4,992 cited
  • 2005Managerial incentives and risk-taking☆2,924 cited
  • 2008What Matters in Corporate Governance?2,903 cited
  • 2003Executive Compensation as an Agency Problem2,347 cited
  • 2001Are CEOs Rewarded for Luck? The Ones Without Principals Are1,740 cited
  • 2002Explaining the Diversification Discount1,372 cited
  • 1997CEO turnover and outside succession A cross-sectional analysis1,265 cited
  • 1999The Other Side of the Trade‐Off: The Impact of Risk on Executive Compensation1,037 cited
  • 1999Executive Compensation, Strategic Competition, and Relative Performance Evaluation: Theory and Evidence734 cited
  • 1986An Empirical Investigation of the Relative Performance Evaluation of Corporate Executives677 cited
  • 2003CEO reputation and stock-based compensation641 cited
  • 2004Why Do Firms Use Incentives That Have No Incentive Effects?615 cited
  • 2006

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Asymmetric benchmarking in compensation: Executives are rewarded for good luck but not penalized for bad
480 cited

Cited by

  • 2023CEO compensation: Evidence from the field149 cited
  • 2016Growth through rigidity: An explanation for the rise in CEO pay93 cited
  • 2015Executive compensation, organizational performance, and governance quality in the absence of owners88 cited
  • 2020CEOs’ outside opportunities and relative performance evaluation: evidence from a natural experiment83 cited
  • 2017Executive Compensation: A Survey of Theory and Evidence ✶ ✶We thank Aubrey Clark, Fabrizio Ferri, Carola Frydman, Tom Gosling, Steve Kaplan, Gaizka Ormazabal, Kelly Shue, Alexander Wagner, David Zhang, and especially Pierre Chaigneau for helpful comments and Janet Chater, Irem Erten, Jesus Gorrin, Joseph Kalmenovitz, and Jiaying Wei for research assistance.79 cited
  • 2019Relative Performance Evaluation in CEO Compensation: A Talent-Retention Explanation79 cited
  • 2020Product Market Peers and Relative Performance Evaluation78 cited
  • 2019Symmetry in Pay for Luck69 cited
  • 2019Employee Flexibility, Exogenous Risk, and Firm Value54 cited
  • 2010Managerial Legacies, Entrenchment, and Strategic Inertia53 cited
  • 2010CEO Compensation53 cited
  • 2012CEO Pay, Managerial Power, and SFAS 123(R)52 cited
  • 2009Say on Pay Votes and CEO Compensation: Evidence from the UK52 cited
  • 2015Subprime governance: Agency costs in vertically integrated banks and the 2008 mortgage crisis49 cited
  • 2013Managerial compensation: Luck, skill or labor markets?47 cited
  • 2020On the relation between managerial power and CEO pay46 cited