...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...

... choice Chinese SOEs executive compensation Theories assert that managers are motivated not only by explicit incentives but also by implicit incentives such as career concerns (e.g., Fama 1980 ; Lazear and Rosen 1981 ; Holmstrom 1999 ). While an explicit incentive system typically includes...

..., Dominguez Hills, College of Business Administration & Public Policy, Department of Accounting, Carson, CA, USA. Editor's note: Accepted by Dan Weiss, under the Senior Editorship of Eva Labro. 1 4 2017 1 2 2021 2022 executive compensation equity incentives asymmetric...

..., 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...

... is associated with a nearly 1 (1.7) percentage point lower focal firm ETR. executive compensation incentives peer effects relative performance evaluation taxes Relative Performance Evaluation (RPE) is a commonly used mechanism in compensation contracting. RPE essentially ties management...

...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...

... the research design in Albuquerque (2009) , we use the weak form tests to model executive compensation as a function of both the performance of the focal firm and its Life Cycle/Size peers as follows: \begin{equation}\tag{2}TotalCom{p_{i,t}} = \alpha + {\beta _1}Firm\;Return{_{i,t}} + {\beta _2}Li...

...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...

...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...

.... 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...

..., 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...

.... 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 compensation. Prior research has shown that a primary determinant of these decisions is portfolio...

... spending, including R&D and advertising expense, 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...

...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...