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Incentive Compensation When Executives Can Hedge the Market: Evidence of Relative Performance Evaluation in the Cross Section
16 references·16 citing·33 second hopsampled
Incentive Compensation When Executives Can Hedge the Market: Evidence of Relative Performance Evaluation in the Cross Section (2003)Incentive Compensation When Executives Ca…The Tenuous Trade‐off between Risk and Incentives (2002)The Tenuous Trade‐off between…The Other Side of the Trade‐Off: The Impact of Risk on Executive Compensation (1999)The Other Side of the Trade‐O…Executive Compensation, Strategic Competition, and Relative Performance Evaluation: Theory and Evidence (1999)Executive Compensation, Strat…Are CEOs Really Paid Like Bureaucrats? (1998)Are CEOs Really Paid Like Bur…Are CEOs Really Paid Like Bureaucrats? (1997)Are CEOs Really Paid Like Bur…Performance Measure Congruity and Diversity in Multi-Task Principal/Agent Relations. (1994)Performance Measure Congruity…Executive Compensation and Principal-Agent Theory (1994)Executive Compensation and Pr…Stock-based incentive compensation and investment behavior (1993)Stock-based incentive compens…Optimal Incentive Contracts in the Presence of Career Concerns: Theory and Evidence (1991)Optimal Incentive Contracts i…Performance Pay and Top-Management Incentives (1990)Performance Pay and Top-Manag…Relative Performance Evaluation for Chief Executive Officers (1989)Relative Performance Evaluati…Aggregation and Linearity in the Provision of Intertemporal Incentives (1987)Aggregation and Linearity in …An Empirical Investigation of the Relative Performance Evaluation of Corporate Executives (1986)An Empirical Investigation of…The Structure of Corporate Ownership: Causes and Consequences (1985)The Structure of Corporate Ow…Moral Hazard in Teams (1982)Moral Hazard in TeamsMoral Hazard and Observability (1979)Moral Hazard and ObservabilityFirm‐Level Climate Change Risk and CEO Equity Incentives (2022)Firm‐Level Climate Change Ris…Insider Share-Pledging and Equity Risk (2020)Insider Share-Pledging and Eq…Portfolio Manager Compensation in the U.S. Mutual Fund Industry (2018)Portfolio Manager Compensatio…How Do Quasi‐Random Option Grants Affect CEO Risk‐Taking? (2017)How Do Quasi‐Random Option Gr…Executive Compensation: A Survey of Theory and Evidence (2017)Executive Compensation: A Sur…Which Skills Matter in the Market for CEOs? Evidence from Pay for CEO Credentials (2015)Which Skills Matter in the Ma…Hedging labor income risk (2012)Hedging labor income riskThe Role of Stock Liquidity in Executive Compensation (2011)The Role of Stock Liquidity i…Managerial Attributes and Executive Compensation (2011)Managerial Attributes and Exe…Corporate governance when founders are directors (2011)Corporate governance when fou…Strategic Flexibility and the Optimality of Pay for Sector Performance (2010)Strategic Flexibility and the…Relative Performance Evaluation and Related Peer Groups in Executive Compensation Contracts (2010)Relative Performance Evaluati…Relative Performance Evaluation and Related Peer Groups in Executive Compensation Contracts (2010)Relative Performance Evaluati…Managerial ownership and performance (2009)Managerial ownership and perf…Performance Incentives within Firms: The Effect of Managerial Responsibility (2003)Performance Incentives within…The Other Side of the Tradeoff: The Impact of Risk on Executive Compensation - a Reply (2002)The Other Side of the Tradeof…The Theory of Syndicates (1968)Essays in the Theory of Risk-Bearing. 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(1976)Financial Intermediation and Delegated Monitoring (1984)Agency Costs, Net Worth, And Business Fluctuations (1988)The Modern Corporation and Private Property (1933)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Problems and Residual Claims (1983)Law and Finance (1998)Corporate Ownership Around the World (1999)Crime and Punishment: An Economic Approach (1968)Multitask Principal–Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design (1991)The Provision of Incentives in Firms (1999)Women in the Boardroom and Their Impact on Governance and Performance (2008)Women in the boardroom and their impact on governance and performance☆ (2009)Information Privacy Research: an Interdisciplinary Review1 (2011)Good News and Bad News: Representation Theorems and Applications (1981)Agency costs and innovation (1989)Risk Taking by Mutual Funds as a Response to Incentives (1997)The Theory of Incentives: The Principal-Agent Model (2001)Outside directors and CEO turnover (1988)Does the stock market fully value intangibles? Employee satisfaction and equity prices (2011)A Survey of Corporate Governance (1997)Stock options for undiversified executives (2002)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)Managerial Incentive Problems: A Dynamic Perspective (1999)Managerial incentives and risk-taking☆ (2005)Information and the Change in the Paradigm in Economics (2002)Corporate Governance, Accounting Outcomes, and Organizational Performance (2007)The role of information and financial reporting in corporate governance and debt contracting (2010)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Higher market valuation of companies with a small board of directors (1996)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1979Moral Hazard and Observability8,358 cited
  • 1985The Structure of Corporate Ownership: Causes and Consequences6,243 cited
  • 1990Performance Pay and Top-Management Incentives5,080 cited
  • 1982Moral Hazard in Teams4,992 cited
  • 1987Aggregation and Linearity in the Provision of Intertemporal Incentives2,870 cited
  • 1991Optimal Incentive Contracts in the Presence of Career Concerns: Theory and Evidence1,876 cited
  • 1998Are CEOs Really Paid Like Bureaucrats?1,373 cited
  • 1997Are CEOs Really Paid Like Bureaucrats?1,291 cited
  • 1999The Other Side of the Trade‐Off: The Impact of Risk on Executive Compensation1,037 cited
  • 2002The Tenuous Trade‐off between Risk and Incentives996 cited
  • 1989Relative Performance Evaluation for Chief Executive Officers954 cited
  • 1994Performance Measure Congruity and Diversity in Multi-Task Principal/Agent Relations.914 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
  • 1994Executive Compensation and Principal-Agent Theory610 cited

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  • 1993Stock-based incentive compensation and investment behavior487 cited
  • Cited by

    • 2003Performance Incentives within Firms: The Effect of Managerial Responsibility298 cited
    • 2010Relative Performance Evaluation and Related Peer Groups in Executive Compensation Contracts278 cited
    • 2015Which Skills Matter in the Market for CEOs? Evidence from Pay for CEO Credentials274 cited
    • 2018Portfolio Manager Compensation in the U.S. Mutual Fund Industry215 cited
    • 2011Managerial Attributes and Executive Compensation202 cited
    • 2011The Role of Stock Liquidity in Executive Compensation197 cited
    • 2022Firm‐Level Climate Change Risk and CEO Equity Incentives189 cited
    • 2017Executive Compensation: A Survey of Theory and Evidence189 cited
    • 2017How Do Quasi‐Random Option Grants Affect CEO Risk‐Taking?158 cited
    • 2011Corporate governance when founders are directors157 cited
    • 2010Strategic Flexibility and the Optimality of Pay for Sector Performance154 cited
    • 2002The Other Side of the Tradeoff: The Impact of Risk on Executive Compensation - a Reply140 cited
    • 2010Relative Performance Evaluation and Related Peer Groups in Executive Compensation Contracts130 cited
    • 2009Managerial ownership and performance128 cited
    • 2012Hedging labor income risk119 cited
    • 2020Insider Share-Pledging and Equity Risk118 cited