Executive equity compensation and incentives: a survey
Stock and option compensation and the level of managerial equity incentives are aspects of corporate governance that are especially controversial to shareholders, institutional activists, and government regulators. Similar to much of the corporate finance and corporate governance literature, research on stock-based compensation and incentives has not only generated useful insights, but also produced many contradictory findings. Not surprisingly, many fundamental questions remain unanswered. In this study, the authors synthesize the broad literature on equity-based compensation and executive incentives and highlight topics that seem especially appropriate for future research.
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Chance, Don M. & Kumar, Raman & Todd, Rebecca B., 2000. " The 'repricing' of executive stock options ," Journal of Financial Economics, Elsevier, vol. 57(1), pages 129-154, July.
- Gibbons, Robert & Murphy, Kevin J, 1992. " Optimal Incentive Contracts in the Presence of Career Concerns: Theory and Evidence ," Journal of Political Economy, University of Chicago Press, vol. 100(3), pages 468-505, June.
- Gibbons, R. & Murphy, K.J., 1990. " Optimal Incentive Contracts In The Presence Of Career Concerns: Theory And Evidence ," Working papers 563, Massachusetts Institute of Technology (MIT), Department of Economics.
- Robert Gibbons & Kevin J. Murphy, 1991. " Optimal Incentive Contracts in the Presence of Career Concerns: Theory and Evidence ," NBER Working Papers 3792, National Bureau of Economic Research, Inc.
- Murphy, K.J. & Gibbons, R., 1990. " Optimal Incentive Contracts in the Presence of Career Concerns : Theory and Evidence ," Papers 90-09, Rochester, Business - Managerial Economics Research Center.
Most related items
- Arantxa Jarque, 2008. " CEO compensation : trends, market changes, and regulation ," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 94(Sum), pages 265-300.
- Giat, Yahel & Subramanian, Ajay, 2013. " Dynamic contracting under imperfect public information and asymmetric beliefs ," Journal of Economic Dynamics and Control, Elsevier, vol. 37(12), pages 2833-2861.
- Rajesh K. Aggarwal & Andrew A. Samwick, 1999. " Executive Compensation, Strategic Competition, and Relative Performance Evaluation: Theory and Evidence ," Journal of Finance, American Finance Association, vol. 54(6), pages 1999-2043, December.
- Rajesh Aggarwal & Andrew A. Samwick, 1996. " Executive Compensation, Strategic Competition, and Relative Performance Evaluation: Theory and Evidence ," NBER Working Papers 5648, National Bureau of Economic Research, Inc.
- Coupé, Tom & Smeets, Valérie & Warzynski, Frédéric, 2003. " Incentives, Sorting and Productivity along the Career: Evidence from a Sample of Top Economists ," Working Papers 03-16, University of Aarhus, Aarhus School of Business, Department of Economics.
- Tom Coupé & Valérie Smeets & Frédéric Warzynski, 2008. " Incentives, sorting and productivity along the career: Evidence from a sample of top economists ," ULB Institutional Repository 2013/101637, ULB -- Universite Libre de Bruxelles.
- Joram Mayshar & Omer Moav & Zvika Neeman, 2011. " Transparency, Appropriability and the Early State ," Working Papers 002-11, International School of Economics at TSU, Tbilisi, Republic of Georgia.
- Kato, Takao & Kim, Woochan & Lee, Ju Ho, 2005. " Executive Compensation, Firm Performance, and Chaebols in Korea: Evidence from New Panel Data ," IZA Discussion Papers 1783, Institute of Labor Economics (IZA).
- Sterling Huang & Gilles Hilary, 2018. " Zombie Board: Board Tenure and Firm Performance ," Working Papers hal-01736889, HAL.
- Edward P. Lazear & Paul Oyer, 2007. " Personnel Economics ," NBER Working Papers 13480, National Bureau of Economic Research, Inc.
More about this item
Keywords
Statistics
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fednep:y:2003:i:apr:p:27-50:n:v.9no.1 . See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gabriella Bucciarelli (email available below). General contact details of provider: https://edirc.repec.org/data/frbnyus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.