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- Publications
- Influence
Are CEOS Really Paid Like Bureaucrats?
- B. D. Hall, Jeffrey B. Liebman
- Economics, Business
- 1 March 1997
A common view of CEO compensation is that there is essentially no correlation between firm performance and CEO pay. This calls into question an important component of effective corporate governance.… Expand
Stock Options for Undiversified Executives
- B. D. Hall, K. Murphy
- Business, Economics
- 1 December 2000
We employ a certainty-equivalence framework to analyze the cost and value of, and pay/performance incentives provided by, non-tradable options held by undiversified, risk-averse executives. We derive… Expand
CEO Incentives and Firm Size
- G. Baker, B. D. Hall
- Economics, Business
- 1 November 1998
What determines CEO incentives? A confusion exists among both academics and practitioners about how to measure the strength of CEO incentives, and how to reconcile the enormous differences in pay… Expand
Do Executive Stock Options Encourage Risk-Taking?
- R. Cohen, B. D. Hall, Luis M. Viceira
- Business
- 1 March 2000
Executive stock options create incentives for executives to manage firms in ways that maximize firm market value. Since options increase in value with the volatility of the underlying stock,… Expand
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How Has the Basle Accord Affected Bank Portfolios
- B. D. Hall
- Economics
- 1 December 1993
Abstract This paper investigates the extent to which the risk-based capital standards, which took effect in 1989, have affected commercial bank portfolios. The new standards give banks an incentive… Expand
The Taxation of Executive Compensation
- B. D. Hall, Jeffrey B. Liebman
- Economics
- Tax Policy and the Economy
- 1 January 2000
Over the past 20 years, there has been a dramatic increase in the share of executive compensation paid through stock options. We examine the extent to which tax policy has influenced the composition… Expand
Fear of missing out, need for touch, anxiety and depression are related to problematic smartphone use
- J. D. Elhai, J. C. Levine, R. Dvorak, B. D. Hall
- Psychology, Computer Science
- Comput. Hum. Behav.
- 1 October 2016
TLDR
The Pay to Performance Incentives of Executive Stock Options
- B. D. Hall
- Economics, Business
- 1 July 1998
Detailed data about stock option contracts are used to measure and analyze the pay to performance incentives of executive stock options. Two main issues are addressed. The first is the pay to… Expand
Underwater Options and the Dynamics of Executive Pay-to-Performance Sensitivities
- B. D. Hall, T. Knox
- Economics
- 1 May 2004
We empirically analyze the dynamics of executives' pay-to-performance sensitivities. Option pay-to-performance sensitivities become weaker as options fall underwater, often leading to pressures to… Expand
Regulatory Free Cash Flow and the High Cost of Insurance Company Failures
- B. D. Hall
- Economics, Business
- 1 August 1998
Why is the cost of resolving insurance company failures so high? Evidence in this paper suggests that the state insurance regulatory bodies in charge of the liquidation process turn over an average… Expand