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The Dependence Of Pay--Performance Sensitivity On The Size Of The Firm

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Cited by:

  1. Jie Cai & Yixin Liu & Yiming Qian & Miaomiao Yu, 2015. "Information Asymmetry and Corporate Governance," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 5(03), pages 1-32, September.
  2. Kato, Takao & Long, Cheryl, 2006. "Executive Compensation, Firm Performance, and Corporate Governance in China: Evidence from Firms Listed in the Shanghai and Shenzhen Stock Exchanges," Economic Development and Cultural Change, University of Chicago Press, vol. 54(4), pages 945-983, July.
  3. de Janvry, Alain & He, Guojun & Sadoulet, Elisabeth & Wang, Shaoda & Zhang, Qiong, 2020. "Performance Evaluation, Influence Activities, and Bureaucratic Work Behavior: Evidence from China," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt30z1q8nw, Department of Agricultural & Resource Economics, UC Berkeley.
  4. Garner, Jacqueline L. & Kim, Won Yong, 2013. "Are foreign investors really beneficial? Evidence from South Korea," Pacific-Basin Finance Journal, Elsevier, vol. 25(C), pages 62-84.
  5. Alex Edmans & Xavier Gabaix & Augustin Landier, 2007. "A Calibratable Model of Optimal CEO Incentives in Market Equilibrium," NBER Working Papers 13372, National Bureau of Economic Research, Inc.
  6. Claudio Loderer & René Stulz & Urs Waelchli, 2017. "Firm Rigidities and the Decline in Growth Opportunities," Management Science, INFORMS, vol. 63(9), pages 3000-3020, September.
  7. Dietl, Helmut M. & Grossmann, Martin & Lang, Markus & Wey, Simon, 2013. "Incentive effects of bonus taxes in a principal-agent model," Journal of Economic Behavior & Organization, Elsevier, vol. 89(C), pages 93-104.
  8. Gian Luca Clementi & Thomas Cooley, 2009. "Executive Compensation: Facts," Working Papers 09-16, New York University, Leonard N. Stern School of Business, Department of Economics.
  9. J. Eric Bickel, 2006. "Some Determinants of Corporate Risk Aversion," Decision Analysis, INFORMS, vol. 3(4), pages 233-251, December.
  10. D’Agostino Elena & Lisciandra Maurizio, 2018. "Binding and Non-Binding Contracts: A Theoretical Appraisal," Review of Law & Economics, De Gruyter, vol. 14(2), pages 1-27, July.
  11. Qiang Kang & Qiao Liu, 2010. "Information-Based Stock Trading, Executive Incentives, and the Principal-Agent Problem," Management Science, INFORMS, vol. 56(4), pages 682-698, April.
  12. Kato, Takao & Kim, Woochan & Lee, Ju Ho, 2007. "Executive compensation, firm performance, and Chaebols in Korea: Evidence from new panel data," Pacific-Basin Finance Journal, Elsevier, vol. 15(1), pages 36-55, January.
  13. Ang, James & Lauterbach, Beni & Schreiber, Ben Z., 2002. "Pay at the executive suite: How do US banks compensate their top management teams?," Journal of Banking & Finance, Elsevier, vol. 26(6), pages 1143-1163, June.
  14. Oyer, Paul & Schaefer, Scott, 2011. "Personnel Economics: Hiring and Incentives," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 20, pages 1769-1823, Elsevier.
  15. Hristos Doucouliagos & Janto Haman & Saeed Askary, 2007. "Directors' Remuneration and Performance in Australian Banking," Corporate Governance: An International Review, Wiley Blackwell, vol. 15(6), pages 1363-1383, November.
  16. Röell, Ailsa & Peng, Lin & Tang, Hongfei, 2016. "CEO Incentives: Measurement, Determinants, and Impact on Performance," CEPR Discussion Papers 11417, C.E.P.R. Discussion Papers.
  17. Xianming Zhou, 2002. "A Graphical Approach to the Standard Principal-Agent Model," The Journal of Economic Education, Taylor & Francis Journals, vol. 33(3), pages 265-276, September.
  18. Anthony M. Marino & Ján Zábojník, 2008. "Work‐related perks, agency problems, and optimal incentive contracts," RAND Journal of Economics, RAND Corporation, vol. 39(2), pages 565-585, June.
  19. Ordu, Umut & Schweizer, Denis, 2015. "Executive compensation and informed trading in acquiring firms around merger announcements," Journal of Banking & Finance, Elsevier, vol. 55(C), pages 260-280.
  20. Oriana Bandiera & Luigi Guiso & Andrea Prat & Raffaella Sadun, 2015. "Matching Firms, Managers, and Incentives," Journal of Labor Economics, University of Chicago Press, vol. 33(3), pages 623-681.
  21. Fahlenbrach, Rüdiger & Stulz, René M., 2009. "Managerial ownership dynamics and firm value," Journal of Financial Economics, Elsevier, vol. 92(3), pages 342-361, June.
  22. Gregory E. Sierra & Eli Talmor & James S. Wallace, 2004. "A unified analysis of executive pay: the case of the banking industry," Supervisory Policy Analysis Working Papers 2004-02, Federal Reserve Bank of St. Louis.
  23. Xunan Feng & Anders C. Johansson, 2017. "CEO Incentives in Chinese State-Controlled Firms," Economic Development and Cultural Change, University of Chicago Press, vol. 65(2), pages 223-264.
  24. Boyle, Glenn & Roberts, Helen, 2013. "CEO presence on the compensation committee: a puzzle," Journal of Economics and Business, Elsevier, vol. 70(C), pages 16-26.
  25. Xavier Gabaix & Augustin Landier, 2008. "Why has CEO Pay Increased So Much?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(1), pages 49-100.
  26. Fredrik Andersson & Matthew Freedman & John Haltiwanger & Julia Lane & Kathryn Shaw, 2009. "Reaching for the Stars: Who Pays for Talent in Innovative Industries?," Economic Journal, Royal Economic Society, vol. 119(538), pages 308-332, June.
  27. Mohamed H Elmagrhi & Collins G Ntim, 2024. "Vice-Chancellor Pay and Performance: The Moderating Effect of Vice-Chancellor Characteristics," Work, Employment & Society, British Sociological Association, vol. 38(1), pages 180-205, February.
  28. Carola Frydman & Dirk Jenter, 2010. "CEO Compensation," Annual Review of Financial Economics, Annual Reviews, vol. 2(1), pages 75-102, December.
  29. Liljeblom, Eva & Pasternack, Daniel & Rosenberg, Matts, 2011. "What determines stock option contract design?," Journal of Financial Economics, Elsevier, vol. 102(2), pages 293-316.
  30. Dalida Kadyrzhanova & Antonio Falato, 2008. "Optimal CEO Incentives and Industry Dynamics," 2008 Meeting Papers 880, Society for Economic Dynamics.
  31. Zhiguo He & Si Li & Bin Wei & Jianfeng Yu, 2014. "Uncertainty, Risk, and Incentives: Theory and Evidence," Management Science, INFORMS, vol. 60(1), pages 206-226, January.
  32. Gabrielle Wanzenried, 2003. "Capital Structure Inertia and CEO Compensation," Diskussionsschriften dp0305, Universitaet Bern, Departement Volkswirtschaft.
  33. Boyle, Glenn & Roberts, Helen, 2010. "Wolves in the Hen-House? The Consequences of Formal CEO Involvement in the Executive Pay-Setting Process," Working Paper Series 4063, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
  34. Hristos Doucouliagos & Janto Haman & T.D. Stanley, 2012. "Pay for Performance and Corporate Governance Reform," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 51(3), pages 670-703, July.
  35. Kose John & Hamid Mehran & Yiming Qian, 2007. "Regulation, subordinated debt, and incentive features of CEO compensation in the banking industry," Staff Reports 308, Federal Reserve Bank of New York.
  36. Cashman, George D., 2010. "Pay-performance sensitivity and firm size: Insights from the mutual fund industry," Journal of Corporate Finance, Elsevier, vol. 16(4), pages 400-412, September.
  37. Ajay Subramanian, 2013. "Product Market Competition, Managerial Compensation, and Firm Size in Market Equilibrium," Management Science, INFORMS, vol. 59(7), pages 1612-1630, July.
  38. Lu, Jun & Shi, Zhen, 2018. "Does improved disclosure lead to higher executive compensation? Evidence from the conversion to IFRS and the dual-class share system in China," Journal of Corporate Finance, Elsevier, vol. 48(C), pages 244-260.
  39. Jean Canil & Bruce Rosser, 2015. "Evidence on exercise pricing in CEO option grants in two countries," Annals of Finance, Springer, vol. 11(3), pages 383-410, November.
  40. George-Levi Gayle & Robert A. Miller, 2009. "Has Moral Hazard Become a More Important Factor in Managerial Compensation?," American Economic Review, American Economic Association, vol. 99(5), pages 1740-1769, December.
  41. Boyle, Glenn & Roberts, Helen, 2010. "Wolves in the Hen-House? The Consequences of Formal CEO Involvement in the Executive Pay-Setting Process," Working Paper Series 19167, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
  42. Bradley W. Benson & Wallace N. Davidson III & Hongxia Wang & Dan L. Worrell, 2011. "Deviations from Expected Stakeholder Management, Firm Value, and Corporate Governance," Financial Management, Financial Management Association International, vol. 40(1), pages 39-81, March.
  43. James, Hui & Benson, Bradley W. & Wu, Chen (Ken), 2017. "Does CEO ownership affect payout policy? Evidence from using CEO scaled wealth-performance sensitivity," The Quarterly Review of Economics and Finance, Elsevier, vol. 65(C), pages 328-345.
  44. K. Sommerfeld, 2013. "Higher and higher? Performance pay and wage inequality in Germany," Applied Economics, Taylor & Francis Journals, vol. 45(30), pages 4236-4247, October.
  45. Rajesh K. Aggarwal & Andrew A. Samwick, 2003. "Performance Incentives within Firms: The Effect of Managerial Responsibility," Journal of Finance, American Finance Association, vol. 58(4), pages 1613-1650, August.
  46. Natalia Gritsko & Valentina Kozlova & William Neilson & Bruno Wichmann, 2013. "The CEO Arms Race," Southern Economic Journal, John Wiley & Sons, vol. 79(3), pages 586-599, January.
  47. Coles, Jeffrey L. & Lemmon, Michael L. & Felix Meschke, J., 2012. "Structural models and endogeneity in corporate finance: The link between managerial ownership and corporate performance," Journal of Financial Economics, Elsevier, vol. 103(1), pages 149-168.
  48. Ueda, Masako & Li, Fei, 2005. "CEO-Firm Match and Principal-Agent Problem," CEPR Discussion Papers 5119, C.E.P.R. Discussion Papers.
  49. Elkinawy, Susan & Hibbert, Ann Marie & Talukdar, Bakhtear, 2023. "Gender differences in CEO risk tolerance: A look at fixed pay," Global Finance Journal, Elsevier, vol. 57(C).
  50. repec:vuw:vuwscr:19222 is not listed on IDEAS
  51. Giannetti, Mariassunta, 2011. "Serial CEO incentives and the structure of managerial contracts," Journal of Financial Intermediation, Elsevier, vol. 20(4), pages 633-662, October.
  52. Rebecca Demsetz & Marc R. Saidenberg, 1999. "Looking beyond the CEO: executive compensation at banks," Staff Reports 68, Federal Reserve Bank of New York.
  53. Jay C. Hartzell & Christopher A. Parsons & David L. Yermack, 2010. "Is a Higher Calling Enough? Incentive Compensation in the Church," Journal of Labor Economics, University of Chicago Press, vol. 28(3), pages 509-539, July.
  54. Michael T. Rauh, 2014. "Incentives, wages, employment, and the division of labor in teams," RAND Journal of Economics, RAND Corporation, vol. 45(3), pages 533-552, September.
  55. repec:vuw:vuwscr:19167 is not listed on IDEAS
  56. Gan, Huiqi & Park, Myung Seok, 2016. "Are more able CEOs getting more compensated? Evidence from the pay-for-performance sensitivity of equity-based incentives," Advances in accounting, Elsevier, vol. 34(C), pages 64-76.
  57. Arantxa Jarque, 2008. "CEO compensation : trends, market changes, and regulation," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 94(Sum), pages 265-300.
  58. Efendi, Jap & Srivastava, Anup & Swanson, Edward P., 2007. "Why do corporate managers misstate financial statements? The role of option compensation and other factors," Journal of Financial Economics, Elsevier, vol. 85(3), pages 667-708, September.
  59. Glenn Boyle & Helen Roberts, 2010. "Wolves in the Hen-House? The Consequences of Formal CEO Involvement in the Executive Pay-Setting Process," Working Papers in Economics 10/45, University of Canterbury, Department of Economics and Finance.
  60. Chii-Shyan Kuo & Jow-Ran Chang & Shih-Ti Yu, 2013. "Effect of mandatory pro forma earnings disclosure on the relation between CEO share bonuses and firm performance," Review of Quantitative Finance and Accounting, Springer, vol. 40(2), pages 189-215, February.
  61. Eli Talmor & James S. Wallace, 1998. "Computer Industry Executives: An Analysis of the New Barons' Compensation," Information Systems Research, INFORMS, vol. 9(4), pages 398-414, December.
  62. Benson, Bradley W. & Davidson III, Wallace N., 2009. "Reexamining the managerial ownership effect on firm value," Journal of Corporate Finance, Elsevier, vol. 15(5), pages 573-586, December.
  63. George P. Baker & Brian J. Hall, 2004. "CEO Incentives and Firm Size," Journal of Labor Economics, University of Chicago Press, vol. 22(4), pages 767-798, October.
  64. Eldenburg, Leslie & Krishnan, Ranjani, 2003. "Public versus private governance: a study of incentives and operational performance," Journal of Accounting and Economics, Elsevier, vol. 35(3), pages 377-404, August.
  65. Monem, Reza & Ng, Chew, 2013. "Australia’s ‘two-strikes’ rule and the pay-performance link: Are shareholders judicious?," Journal of Contemporary Accounting and Economics, Elsevier, vol. 9(2), pages 237-254.
  66. Page, T. Beau, 2018. "CEO attributes, compensation, and firm value: Evidence from a structural estimation," Journal of Financial Economics, Elsevier, vol. 128(2), pages 378-401.
  67. Kang, Qiang & Liu, Qiao, 2008. "Stock trading, information production, and executive incentives," Journal of Corporate Finance, Elsevier, vol. 14(4), pages 484-498, September.
  68. Gregory Sierra & Eli Talmor & James Wallace, 2006. "An Examination of Multiple Governance Forces within Bank Holding Companies," Journal of Financial Services Research, Springer;Western Finance Association, vol. 29(2), pages 105-123, April.
  69. Tung-Hsiao Yang & Don M. Chance, 2014. "The Price-Taker Effect On The Valuation Of Executive Stock Options," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 37(1), pages 27-54, February.
  70. Hayes, Rachel M. & Schaefer, Scott, 2009. "CEO pay and the Lake Wobegon Effect," Journal of Financial Economics, Elsevier, vol. 94(2), pages 280-290, November.
  71. Michael K. Fung, 2009. "Is Innovativeness a Link between Pay and Performance?," Financial Management, Financial Management Association International, vol. 38(2), pages 411-429, June.
  72. Doyoung Kim, 2010. "The use of stock-based pay for sorting: an empirical analysis of compensation for new CEOs," Applied Economics, Taylor & Francis Journals, vol. 42(23), pages 2999-3010.
  73. Kose John & Yiming Qian, 2003. "Incentive features in CEO compensation in the banking industry," Economic Policy Review, Federal Reserve Bank of New York, vol. 9(Apr), pages 109-121.
  74. John, Kose & Mehran, Hamid & Qian, Yiming, 2010. "Outside monitoring and CEO compensation in the banking industry," Journal of Corporate Finance, Elsevier, vol. 16(4), pages 383-399, September.
  75. Boyle, Glenn & Roberts, Helen, 2012. "CEO Presence on the Compensation Committee: A Puzzle," Working Paper Series 19222, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
  76. Ying Sophie Huang & Carl R. Chen, 2013. "Are college chief executives paid like corporate CEOs or bureaucrats?," Applied Economics, Taylor & Francis Journals, vol. 45(21), pages 3035-3043, July.
  77. Yilei Zhang, 2009. "Are Debt and Incentive Compensation Substitutes in Controlling the Free Cash Flow Agency Problem?," Financial Management, Financial Management Association International, vol. 38(3), pages 507-541, September.
  78. D'Agostino, Elena & Lisciandra, Maurizio, 2012. "Enforceable vs. non-enforceable contracts: a theoretical appraisal with fair players," MPRA Paper 41261, University Library of Munich, Germany.
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