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 …

The paper reviews the growing literature on peer effects in finance from theoretical and
empirical viewpoints. In particular, we assess the importance of peer behavior on firms' …

This study examines the impact of financial statement comparability on ex ante crash risk.
Using the comparability measures of De Franco et al.(2011), we find that expected crash risk …

Investors, regulators, academics, and researchers all emphasize the importance of financial
statement comparability. However, an empirical construct of comparability is typically not …

We study the role of individual CEOs in explaining corporate social responsibility (CSR)
scores. We find that CEO fixed effects explain 59 percent of the variation in CSR scores …

We document evidence that CEOs who lead firms that face higher climate change risk
(CCR) receive higher equity‐based compensation. Our finding is consistent with the …

This paper investigates the market reaction to recent legislative and regulatory actions
pertaining to corporate governance. The managerial power view of governance suggests …

This paper examines whether managerial ability facilitates corporate innovative success.
First, we show that managerial ability is positively associated with innovative output. Second …

This article studies traditional and modern theories of executive compensation, bringing
them together under a simple unifying framework accessible to the general-interest reader …

This study examines the explicit use of relative performance evaluation (RPE) in executive
compensation contracts and the selection of RPE peers. Using S&P 1500 firms' first proxy …