.... Robert Knechel. 14 10 2021 17 08 2023 05 09 2023 2024 CEO replacement severance pay information rent CEO compensation sequential task The replacement of a CEO is one of the most important responsibilities of corporate boards. The most common theoretical...

... by proposing, validating, and testing the practical implications of a benchmarking measure built on line items in the financial statements. financial statement benchmarking peer benchmarking analyst forecasts CEO compensation peer-based valuation XBRL Previous research has developed several...

... exploiting variance in RPE usage induced by compensation consultants’ distinct styles. My analyses suggest strategic differentiation decisions to help explain why many boards do not completely filter peer performance from CEO compensation. Data Availability: All data are obtained from commercially...

..., IN, USA. Supplemental material can be accessed by clicking the link in Appendix C. product market peers relative performance evaluation CEO compensation and forced CEO turnover … despite the obvious attractive features of relative performance evaluation, it is surprisingly absent...

... and Relative Performance Evaluation.” Editor's note: Accepted by Rodrigo S. Verdi, under the Senior Editorship of Mark L. DeFond. 8 2016 7 2019 2020 financial reporting comparability relative performance evaluation CEO compensation This paper examines how cross-firm...

... CEO compensation CEO turnover corporate governance Second, our research is motivated by the puzzling frequency of short performance periods in PBEAs. In a sample of large U.S. public firms examined here, 26.3 percent select one-year performance periods ( Table 1 , Panel A). These cases...

..., the implementation of RPE for high-GO firms can be impaired by these firms' inability to find a peer group that captures common risk exposure. This paper studies GO firms' reliance on RPE and finds that the use of RPE in CEO compensation contracts varies negatively with a firm's level of growth options. The tests...

... hypothesize that RPE is used in CEO compensation in order to filter out common uncertainty: H1 :   Pay-for-own-firm-performance sensitivity is positive; pay-for-peer-group-performance sensitivity is negative. H1 derives from agency theory and the role that RPE plays...