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 reviews and proposes additional research concerning the role of publicly
reported financial accounting information in the governance processes of corporations. We …

The use of both research and development (R&D) and knowledge spillovers has been
identified as the source of relative innovation underperformance in Europe vis-à-vis the …

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

Exploiting a unique hand-built dataset, this paper finds that CEO educational attainment,
both level and quality, matters for bank performance. We offer robust evidence that banks …

In this study, I summarize the current state of executive compensation, discuss measurement
and incentive issues, document recent trends in executive pay in both US and international …

ABSTRACT Since 1973 technological, political, regulatory, and economic forces have been
changing the worldwide economy in a fashion comparable to the changes experienced …

Our estimates of the pay-performance relation (including pay, options, stockholdings, and
dismissal) for chief executive officers indicate that CEO wealth changes 3.25forevery 1,000 …

We study a longitudinal sample of over one million French workers from more than five
hundred thousand employing firms. We decompose real total annual compensation per …

This paper examines the relationship between top management compensation and
corporate performance in public utilities. Previous researchers have argued that incentives …