Ceo compensation literature review.
This is also an expansion of the research about the relationship between equity incentive and financial misreporting. Executive compensation and agency costs in Germany. Some evidence from West Germany.
Executive Compensation: A Survey of Theory and Evidence
Working paper, University of Pennsylvania. However, in non-state enterprises, the excess remuneration resulted from political connection is positively correlated with the future performance of the company.
The rest of the paper is organized as follows: Journal of Law and Economica, The Review of Financial Studies, 23 5: Strategic Management Journal, 15 5: And Banker, R. The results show that there is a positive correlation between CEO equity incentive and financial misreporting in the sub-sample of low auditor expertise.
The market mechanism as an incentive scheme.
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Reciprocally interlocking boards of directors and executive compensation. However, Armstrong, C. The Journal of Finance, 56 6: The objective of this paper is to present ceo compensation literature review thorough discussion on the main drivers of executive compensation.
Are CEOs rewarded for luck? Janakiraman, S.
Full Text: Rosenstein, S. Moreover, as this paper summarizes the latest research on the considerations of compensation system design, and the influences of compensation system design on performance and financial misreporting, it provides a holistic view of the related research on compensation system design, which is helpful to explore research innovation points or new research directions in compensation system design.
Section 4 provides concluding remarks. James Abstract There have been a number of research projects which examined the issue of executive compensation with the objective of identifying the factors that influence executive compensation. Generally, foreign research on compensation system design is more extensive and mature, which has some innovations.
American Economic Review Papers and Proceedings, What drives CEO pay in the U.