This paper reviews the theoretical and empirical literature on executive compensation. We
start by presenting data on the level of CEO and other top executive pay over time and …

In this review, we challenge the idea that directors are well positioned to be effective
monitors of management. Moving beyond the logic of incentives and ability, we …

Using variation in firms' exposure to their CEOs resulting from hospitalization, we estimate
the effect of chief executive officers (CEOs) on firm policies, holding firm‐CEO matches …

This study examines the impact of chief executive officer (CEO) ability on firms' corporate
social responsibility (CSR) performance. We find that firms' CSR performance increases with …

This book integrates and assesses the vast and rapidly growing literature on strategic
leadership, which is the study of top executives and their effects on organizations. The basic …

In this paper, we provide empirical evidence on the incentive role of personnel control in
post-reform China. Employing the turnover data of top provincial leaders in China between …

This paper surveys the economic literature on boards of directors. Although a legal
requirement for many organizations, boards are also an endogenously determined …

Executives can only impact firm outcomes if they have influence over crucial decisions. On
the basis of this idea, we develop and test the hypothesis that firms whose CEOs have more …

This paper develops a simple equilibrium model of CEO pay. CEOs have different talents
and are matched to firms in a competitive assignment model. In market equilibrium, a CEO's …

More than one out of every five principals leaves their school each year. In some cases,
these career changes are driven by the choices of district leadership. In other cases …