... (editor), Michal Matějka (senior editor), two anonymous referees, and participants at the 2021 Corporate Governance and Executive Compensation Research Series. We thank Ikram Ali, Majid Bouresli, Christine Driscoll, Francis Hodgens, Christopher Jung, Keenan McAuliffe, and Yiling Shen for research...

..., Larcker, and Rajan 1997 ). 16 11 2022 04 01 2024 09 01 2024 2024 innovation output innovation input performance metrics cash-flow metrics CEO incentives executive compensation Prior research suggests a positive association between firms’ internally generated...

...Shane S. Dikolli; Mary Margaret Frank; Zhe Guo (Michael); Luann J. Lynch ABSTRACT We investigate how mutual funds with environmental, social, and governance (ESG) objectives vote on shareholder proposals related to executive compensation. Using a sample of 94,695 votes by 2,354 mutual funds from...

... companies, “unpaid” executives’ compensation is significantly lower in level and contains very few performance-based incentives. Indeed, the Chinese business press has repeatedly criticized such compensation practice and warns against the possible loss of efficiency resulting from this lack of incentive...

... to align managers' interests with those of shareholders. Since Jensen and Meckling (1976) , the academic literature provides evidence that managers with greater ownership, or more equity-based incentives, are less likely to take value-destroying actions. executive compensation equity incentives...

..., Republic of Korea. Editor's note: Accepted by Michal Matějka, under the Senior Editorship of Karen L. Sedatole. 1 11 2018 1 3 2020 2021 executive compensation forward-looking information annual bonuses analyst forecasts performance targets Performance targets...

..., School of Business, Department of Accounting, Lawrence, KS, USA. Editor's note: Accepted by Scott D. Dyreng. executive compensation incentives peer effects relative performance evaluation taxes Relative Performance Evaluation (RPE) is a commonly used mechanism in compensation...

...Jon Durrant; James Jianxin Gong; Jennifer Howard ABSTRACT The Tax Cuts and Jobs Act of 2017 (TCJA) introduced two major changes that may influence executive compensation: (1) reducing corporate tax rates from 35 to 21 percent, and (2) eliminating the performance-based pay exception in Section 162...

... 8 2019 2020 executive compensation firm life cycle relative performance evaluation peer group We begin our analyses by examining peer selection criteria disclosed in annual proxy statements and identify examples of firms explicitly highlighting the importance of life cycle...

...Kendall O. Bowlin; Margaret H. Christ; Jeremy B. Griffin ABSTRACT Say-on-pay is a corporate governance mechanism through which investors cast a non-binding vote on executive compensation. The Dodd-Frank Act mandates say-on-pay for U.S. firms. Congress is currently considering changes...

.... Soderstrom, The University of Melbourne, Department of Accounting, Melbourne, Victoria, Australia. Editor's note: Accepted by Shane S. Dikolli, under the Senior Editorship of Karen L. Sedatole. 8 2017 4 2019 2020 executive compensation heaping rounding say on pay...

...Jeh-Hyun Cho; Iny Hwang; Jeong-Hoon Hyun; Jae Yong Shin ABSTRACT While compensation consultants are known to play an important role in the design of executive compensation contracts, evidence on the effect of consultant incentives on CEO pay is mixed. Using compensation consultant observations...

..., and seminar participants at Monash University and the 25th Australian Finance and Banking Conference at the University of New South Wales for helpful comments. All errors are my own. 2014 CEO selection CEO overconfidence earnings manipulation executive compensation Remuneration packages...

...Brian Cadman; Mary Ellen Carter ABSTRACT Using a sample of S&P 1500 firms, we examine the selection of peer groups to set executive compensation. We document that the researcher-defined pool of potential peers significantly influences whether one concludes that the selection of peers...

... comments in the preparation of this discussion, we thank Ramji Balakrishnan and Mohan Venkatachalam. 2013 executive compensation equity divestitures pay-for-performance Arguably, the most important decisions of a compensation committee are to design the structure and level of executive...

..., even though these types of discretionary spending are critical for long-term value creation ( Lev 2001 ). Executive compensation provides one reason for such myopic behavior. Managers perceived as having higher abilities receive higher compensation ( Murphy and Zabojnik 2007 ). Thus, managers prefer...

...Dan Weiss ABSTRACT The executive compensation literature has explored the executive pay-for-performance relation in various contexts and reported mixed findings. As a result, the question of whether executive incentives, and particularly stock options, are effective continues to pose a puzzle...