..., decreases in the compensation of higher wage employees, i.e., the CEOs. Second, our study contributes to the specific literature on determinants of executive compensation in NPOs by showing that executive compensation responds to an increase in the minimum wage. Prior studies on CEO compensation...

... 07 2024 2025 workplace misconduct executive compensation risk taking equity incentives Workplace misconduct, such as health and safety violations, non-compliance with labor laws, and other violations broadly related to labor exploitation, is associated with significant...

... target ratcheting overconfidence annual cash bonus executive compensation This paper examines whether corporate boards consider CEOs’ personal traits, such as overconfidence, when setting CEO performance targets in the context of target ratcheting—the practice of setting future targets based...

... School), the Corporate Governance and Executive Compensation Research Series, the 2022 Financial Accounting and Reporting Section Conference, the 2022 Financial Markets and Corporate Governance (FMCG) Conference at Monash University, and the 2022 Lisbon Accounting Conference for useful comments. We also...

... Dikolli, Yonca Ertimur, Fabrizio Ferri, Tim Gray, Melissa Martin, Heidi Packard, Andrea Pawliczek, Jordan Schoenfeld, Ewa Sletten, Jayanthi Sunder, Andy Van Buskirk, Sarah L. C. Zechman, and seminar participants at the Corporate Governance and Executive Compensation Research Series, The Ohio State...

... Association Management Accounting Section Midyear Meeting, Corporate Governance and Executive Compensation Research Seminar, Duke University, Washington University in St. Louis, University of California, Los Angeles finance brown bag, Cambridge Accounting Research Camp, and the 2021 University of California...

...Heidi A. Packard; Andrea Pawliczek; A. Nicole Skinner ABSTRACT This paper examines voluntary disclosure in the context of shareholder scrutiny of executive compensation contracts. We find that firms voluntarily increase discussion of their performance within their CD&A disclosures when peer...

...Tobias Bornemann; Martin Jacob; Mariana Sailer ABSTRACT The limitation of executive compensation has been a matter of public and policy debate for at least 20 years. We examine a regulatory action in Austria in 2014 where the tax deductibility of the total value of executive compensation...

... of Technology, Sloan School of Management, Department of Accounting, Cambridge, MA, USA; Heidi A. Packard, University of Michigan, Ross School of Business, Department of Accounting, Ann Arbor, MI, USA. performance-vesting provisions agency theory executive compensation performance measures...

... promotion tournament executive compensation executive turnover Promotion is arguably the most important form of incentive in firms ( Gibbs 1996 ; McCue 1996 ). Prior research has established that promotion tournaments can motivate employee performance and are widely used in practice (e.g., Main...

..., any correlation between the ability to control exposure to risk and features of executives' compensation contracts does not necessarily reflect a causal relation (or effect). Second, it is difficult to decompose realized risk into controllable and uncontrollable components. To overcome...

..., University of Missouri, Robert J. Trulaske, Sr. College of Business, Department of Accounting, Columbia, MO, USA. Editor's note: Accepted by Brian D. Cadman, under the Senior Editorship of Mary E. Barth. 1 7 2017 1 9 2020 2021 executive compensation equity compensation...

... to compete for a promotion to a nearby firm with higher pay. executive compensation geographic preferences tournament incentives Although the economics literature has long recognized that labor markets are segmented (e.g., Reich, Gordon, and Edwards 1973 ; Taubman and Wachter 1986 ), studies...

... for their directors and top executives. Since 2006, the Securities and Exchange Commission (SEC) has required companies to identify any consultants who provide advice on executive compensation. Research enabled by these disclosures shows that CEOs in firms retaining consultants are paid significantly more than CEOs...

...Thomas R. Kubick; Thomas C. Omer; Zac Wiebe ABSTRACT Companies are adopting executive compensation recoupment (“clawback”) policies to discourage aggressive financial reporting choices. Recent research suggests clawback policies encourage other means of meeting earnings expectations. We suggest...

... ERC-2010-263525). Editor's note: Accepted by Mohan Venkatachalam, under the Senior Editorship of Mark L. DeFond. March 2016 February 2019 2019 executive compensation human capital pay premiums executive labor market matching We examine whether uncertainty...

... American Accounting Association. 2019 performance-vesting awards performance-contingent awards executive compensation CEO pay executive stock options agency costs of debt financial contracting capital structure cost of debt loan covenants bond event study stock event study Debt...

... Editorship of Mark L. DeFond. July 2016 July 2018 2019 executive compensation personality labor market Economic theory often assumes that managers vary in talent (e.g., Murphy and Zabojnik 2004 ; Gabaix and Landier 2008 ; Edmans, Gabaix, and Landier 2009 ), and a growing...

... of debt covenants; in particular, the number of performance debt covenants being breached. JEL Classifications: G21; G34. executive compensation covenant violation creditor influence corporate governance debt governance We thank seminar participants at Temple University and the 2012...

... with an EPS bonus condition are also more likely to repurchase shares. executive compensation annual cash bonus earnings per share open market share repurchase An accounting-based bonus plan is integral to the compensation package offered to executives by nearly every publicly listed...