Why are CEOs paid for good luck? An empirical comparison of explanations for pay-for-luck asymmetry
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DOI: 10.1016/j.jcorpfin.2015.09.006
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Citations
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Cited by:
- Lucas W. Davis and Catherine Hausman, 2020.
"Are Energy Executives Rewarded for Luck?,"
The Energy Journal, International Association for Energy Economics, vol. 0(Number 6), pages 157-180.
- Lucas W. Davis & Catherine Hausman, 2020. "Are Energy Executives Rewarded for Luck?," The Energy Journal, , vol. 41(6), pages 157-180, November.
- Lucas W. Davis & Catherine Hausman, 2018. "Are Energy Executives Rewarded For Luck?," NBER Working Papers 25391, National Bureau of Economic Research, Inc.
- Amore, Mario Daniele & Schwenen, Sebastian, 2020. "The Value of Luck in the Labor Market for CEOs," CEPR Discussion Papers 14839, C.E.P.R. Discussion Papers.
- Clement Olalekan Olaniyi & Olaolu Richard Olayeni, 2020. "A new perspective into the relationship between CEO pay and firm performance: evidence from Nigeria’s listed firms," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 22(2), pages 250-277, December.
- Mehtap A. Eklund, 2024. "CEO compensation and market risk: moderating effect of board size and CEO duality in the Swiss context," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 21(2), pages 227-240, June.
- Michael Haylock, 2022. "Distributional differences in the time horizon of executive compensation," Empirical Economics, Springer, vol. 62(1), pages 157-186, January.
- Reza, Syed Walid, 2020. "Profit skimming, asymmetric benchmarking, or the effects of implicit incentives? Evidence from natural disasters," Journal of Multinational Financial Management, Elsevier, vol. 57.
- Anthony J. Vine, 2016. "Using Pythagorean Expectation to Determine Luck in the KFC Big Bash League," Economic Papers, The Economic Society of Australia, vol. 35(3), pages 269-281, September.
- Haylock, Michael, 2020. "Executives' short-term and long-term incentives - a distributional analysis," University of Tübingen Working Papers in Business and Economics 131, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
- Shang, Xiaodan & Luo, Chuanjian & Wen, Qian, 2020. "Do Chinese executives reward for luck?," Economic Modelling, Elsevier, vol. 92(C), pages 318-325.
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More about this item
Keywords
Executive compensation; Pay-for-luck; Pay asymmetry; Executive retention; Governance;All these keywords.
JEL classification:
- G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
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