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Performance Pay and Top Management Incentives
Our estimates of the pay-performance relation (including pay, options, stockholdings, and dismissal) for chief executive officers indicate that CEO wealth changes $3.25 for every $1,000 change inExpand
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CEO Incentives - It's Not How Much You Pay, But How
In this 1990 "Harvard Business Review" classic, the authors begin by correcting a number of widespread misconceptions: Copyright Copyright (c) 2010 Morgan Stanley.
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Does Executive Compensation Affect Investment?
Investment decisions require trading off current expenditures against future revenues. If revenues extend far enough into the future, the executives responsible for designing long-run investmentExpand
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Intra- and inter-nucleosome interactions of the core histone tail domains in higher-order chromatin structure
Eukaryotic chromatin is a hierarchical collection of nucleoprotein structures that package DNA to form chromosomes. The initial levels of packaging include folding of long strings of nucleosomes intoExpand
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Comparing the effects of farming practices on ground beetle (Coleoptera: Carabidae) and spider (Araneae) assemblages of Scottish farmland
Multivariate techniques were used to compare and contrast the effects of land cover and farming practice on ground beetle and spider assemblages of Scottish farmland. For both ground beetles andExpand
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Stock Options for Undiversified Executives
We employ a certainty-equivalence framework to analyze the cost, value and pay/performance sensitivity of non-tradable options held by undiversified, risk-averse executives. We derive "ExecutiveExpand
Executive Compensation
This paper summarizes the empirical and theoretical research on executive compensation and provides a comprehensive and up-to-date description of pay practices (and trends in pay practices) for chiefExpand