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 …

基于行为公司金融视角, 本文对我国上市公司高管人员过度自信的现实表现及其与企业投资决策
的关系进行了理论分析和实证检验. 研究表明:(1) 在实施股权激励的上市公司中 …

Director stock ownership is most consistently and positively related to future corporate
performance. Public policymakers and long-term investors should find this result especially …

This study examines the relationship between firm corporate social responsibility (CSR) and
CEO confidence. Research shows that CSR has a hedging feature. Research also shows …

In this paper, we provide a theoretical and empirical framework that allows us to synthesize
and assess the burgeoning literature on CEO overconfidence. We also provide novel …

This study examines the association between chief executive officer (CEO) overconfidence
and future stock price crash risk. Overconfident managers overestimate the returns to their …

Overconfident managers overestimate future returns from their firms' investments. Thus, we
predict that overconfident managers will tend to delay loss recognition and generally use …

Previous empirical work on adverse consequences of CEO overconfidence raises the
question of why firms hire overconfident managers. Theoretical research suggests a reason …

This book began as a series of lesson notes for a financial accounting theory course of the
Certified General Accountants' Association of Canada (CGA). The lesson notes grew out of a …