When Pay for Luck is Pay for Action: CEO Compensation and Real Estate Prices
作者： Benjamin Bennett , Claudia Custodio , Dragana Cvijanovic
DOI: 10.2139/SSRN.2642346
关键词:
摘要: We use changes in real estate prices to study the sensitivity of CEO compensation luck and responses luck. Pay for might be optimal when CEOs are expected react To identify luck, we rely on fact that accounting performance, unlike market only reflects current if responds shocks. show is linked which explains pay itself. Our results cast doubts existing evidence as empirical support managerial power hypothesis.
4nations.org参考文章(36)
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