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

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Author Info
Garvey, Gerald T.
Milbourn, Todd T.
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File URL: http://www.sciencedirect.com/science/article/B6VBX-4JVTC0D-1/2/2b27fdd523449536436ce69a60bf3dfa
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Article provided by Elsevier in its journal Journal of Financial Economics.

Volume (Year): 82 (2006)
Issue (Month): 1 (October)
Pages: 197-225
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Handle: RePEc:eee:jfinec:v:82:y:2006:i:1:p:197-225

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Web page: http://www.elsevier.com/locate/inca/505576

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  1. Marco Celentani & Rosa Loveira, 2006. "A Simple Explanation of the Relative Performance Evaluation Puzzle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(3), pages 525-540, July. [Downloadable!] (restricted)
  2. Kaplan, Steven N. & Minton, Bernadette A., 2006. "How Has CEO Turnover Changed? Increasingly Performance Sensitive Boards and Increasingly Uneasy CEOs," Working Paper Series 2006-7, Ohio State University, Charles A. Dice Center for Research in Financial Economics. [Downloadable!]
    Other versions:
  3. Kang, Qiang & Mitnik, Oscar A., 2008. "Not So Lucky Any More: CEO Compensation in Financially Distressed Firms," IZA Discussion Papers 3857, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
  4. Gueorgui I. Kolev & Robin Hogarth, 2008. "Illusory correlation in the remuneration of chief executive officers: It pays to play golf, and well," Economics Working Papers 1132, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
  5. Otten, J.A., 2008. "Theories on executive pay. A literature overview and critical assessment," MPRA Paper 6969, University Library of Munich, Germany. [Downloadable!]
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This page was last updated on 2009-11-7.

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