This paper critically surveys the large and growing literature estimating the elasticity of
taxable income with respect to marginal tax rates using tax return data. First, we provide a …

This article reviews tax research related to domestic and multinational capital structure,
payout policy, compensation policy, risk management, and organizational form. For each …

The relationship between compensation, performance, and risk in a sample of Pakistani
banks, using panel data for 20 banks from 2011 to 2021 has been examined in this …

We provide evidence that the use of discretionary accruals to manipulate reported earnings
is more pronounced at firms where the CEO's potential total compensation is more closely …

This paper develops an account of the role and significance of managerial power and rent
extraction in executive compensation. Under the optimal contracting approach to executive …

As this book clearly demonstrates, structural flaws in corporate governance have produced
widespread distortions in executive pay. Pay without Performance presents a disconcerting …

Corporate governance is concerned with the resolution of collective action problems among
dispersed investors and the reconciliation of conflicts of interest between various corporate …

The benefits of stock options are often not large enough to offset the inefficiency implied by
the large divergence between the cost of options to companies and the value of options to …

We analyze the long-run trends in executive compensation using a new dataset of top
officers of large firms from 1936 to 2005. The median real value of compensation was …

We examine determinants of non-executive employee stock option holdings, grants, and
exercises for 756 firms during 1994–1997. We find that firms use greater stock option …