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 …

This paper surveys the recent literature on CEO compensation. The rapid rise in CEO pay
over the past 30 years has sparked an intense debate about the nature of the pay-setting …

This paper studies whether house prices reflect belief differences about climate change. We
show that in an equilibrium model of housing choice in which agents derive utility from …

This study explores the association between the Covid-19 outbreak, corporate financial
distress and earnings management practices in China. We investigate whether firms took …

We find that long-term institutional investors tilt their portfolios towards firms with better ESG
profiles both in the cross-section and after new information on ESG improvements. We test …

We present a mechanism based on managerial incentives through which common
ownership affects product market outcomes. Firm-level variation in common ownership …

In this paper, we examine the relation between innovation and a firm's financial dependence
using a sample of privately held and publicly traded US firms. We find that public firms in …

This study tests two opposing views of institutional investors—monitoring versus short-
termism. We present evidence that institutional investor stability is negatively associated with …

Using a large sample of US firms for the period 1993–2009, we provide evidence that the
sensitivity of a chief financial officer's (CFO) option portfolio value to stock price is …

I ntegrated Reporting (IR) is a relatively new phenomenon in the world of corporate reporting
that has gained significant momentum in the last ten years. The International Integrated …