Executive compensation, management turnover, and firm performance: An empirical investigation

TL;DR: This article found that the average EPEE amounts to 27% of the fair value of option grants among all ExecuComp CEOs from 1992 to 2009, contrary to beliefs that fair values are unbiased or they understate option-related payments that CEOs take home.

TL;DR: In this article, the authors investigate whether connections with the CEO established outside the firm increase the likelihood of an individual being promoted to be on the top management team (TMT), i.e., become one of the firms top five executives, and whether those connections increase a member of the TMT being appointed to the board of directors.

TL;DR: The authors examined the prevailing level and structure of executive compensation within the insurance industry and found that the compensation structure across executive pay ranks is similar within small and medium-size insurance companies but different within large companies.

TL;DR: In this paper , the authors examined the M&A strategy of firms during the first year in office following the appointment of a new CEO and its effect on longer-term firm performance.

TL;DR: Weidenbaum and Jensen as mentioned in this paper reviewed the impact of developments not fully anticipated by Berle and Means, such as the rise of the service sector, and the significant role played by institutional investors in the owner/manager equation.

TL;DR: A review of the scientific literature on the market for corporate control can be found in this paper, where the authors argue that corporate control is best viewed as an arena in which managerial teams compete for the rights to manage corporate resources.

TL;DR: The authors analyzes compensation schemes which pay according to an individual's ordinal rank in an organization rather than his output level and shows that wages based upon rank induce the same efficient allocation of resources as an incentive reward scheme based on individual output levels.

TL;DR: In this article, observed stock return data are employed to examine various methodologies which are used 111 event studies to measure security price performance, and abnormal performance is introduced into this data and misuse of any of the methodologies can result in false inferences about the presence of abnormal performance.