Journal Article10.1016/0165-4101(85)90027-8
Executive compensation, management turnover, and firm performance: An empirical investigation
1.4K
TL;DR: This article investigated the internal managerial control mechanisms at the disposal of a corporation's compensation-setting board or committee, and concluded that the board creates managerial incentives consistent with those of the firm's owners, both by setting compensation and following management change policies which benefit shareholders.
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About: This article is published in Journal of Accounting and Economics. The article was published on 01 Apr 1985. The article focuses on the topics: Executive compensation & Shareholder.
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Citations
Short-Selling Threats and Corporate Tax Policy: Evidence from Regulation SHO
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How Successful are Women in Breaking the Glass Ceiling? Evidence from the US Market
Thouraya Triki,Hind Sami,Loredana Ureche-Rangau +2 more
- 01 Jan 2012
TL;DR: According to the 2011 list of women who currently hold CEO positions at companies that rank on the most recently published Fortune 500 list, the gender gap remains huge as discussed by the authors, and only a small number of women hold top management positions, especially in large enterprises.
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CEO labor market and R&D investment in high-technology firms: an empirical study on the disciplinary effect of CEO labor market
TL;DR: In this paper , a longitudinal sample of S&P 1500 firms in high-technology industries in United States from 2011 to 2019 was used to find that CEOs tend to increase R&D investment as CEO labor market supply increases.
What Makes a Winner? Toward Resolving the Role of Luck and Skill in Sustained CEO Performance
TL;DR: In this paper, the authors examined the extent to which luck can explain sustained performance and found that over 95% of the differences in performance outcomes between “top” versus “average” performers can be attributed to luck.
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Theory of the firm: Managerial behavior, agency costs and ownership structure
TL;DR: In this article, the authors draw on recent progress in the theory of property rights, agency, and finance to develop a theory of ownership structure for the firm, which casts new light on and has implications for a variety of issues in the professional and popular literature.
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The Modern Corporation and Private Property
Adolf A. Berle,Gardiner Coit Means +1 more
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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.
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The market for corporate control: The scientific evidence☆
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