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CEO Compensation and Incentives - Evidence from M&A Bonuses
We investigate CEO compensation for completing M&A deals. 39% of the acquiring firms in our sample state that they compensate their CEOs for completing the deal, and that the compensation comesExpand
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Corporate Governance and Firm Value: the Impact of the 2002 Governance Rules
The 2001 to 2002 corporate scandals led to the Sarbanes–Oxley Act and to various amendments to the U.S. stock exchanges' regulations. We find that the announcement of these rules has a significantExpand
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Institutional Holdings and Payout Policy
We examine the relation between institutional holdings and payout policy in U.S. public firms. We find that payout policy affects institutional holdings. Institutions avoid firms that do not payExpand
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The Growth of Executive Pay
This paper examines both empirically and theoretically the growth of U.S. executive pay during the period 1993-2003. During this period, pay has grown much beyond the increase that could be explainedExpand
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CEO Compensation and Board Structure
In response to corporate scandals in 2001 and 2002, major U.S. stock exchanges issued new board requirements to enhance board oversight. We find a significant decrease in CEO compensation for firmsExpand
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Does the Market for CEO Talent Explain Controversial CEO Pay Practices
Benchmarking, pay for luck, and the large compensation packages given to CEOs in recent years are three major controversial compensation practices. We examine the extent to which variation in theExpand
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Performance Terms in CEO Compensation Contracts
In December 2006, the Securities and Exchange Commission issued new rules that require enhanced disclosure on how firms tie CEO compensation to performance. We use this new available data to studyExpand
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The Market for CEO Talent: Implications for CEO Compensation
We study the market for CEO talent in public U.S. firms during the years 1993-2005. CEO talent pools are not homogenous across firms and industries. About 68% of new CEOs are former employees ofExpand
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Product Market Competition and Internal Governance: Evidence from the Sarbanes-Oxley Act
TLDR
We use the Sarbanes Oxley Act (SOX) as a quasi-natural experiment to examine the link between product market competition and internal governance mechanisms. Expand
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CEO Compensation and Board Structure
In response to corporate scandals in 2001 and 2002, major U.S. stock exchanges issued new board requirements to enhance board oversight. We find a significant decrease in CEO compensation for firmsExpand
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