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来源类型Working Paper
规范类型报告
DOI10.3386/w15426
来源IDWorking Paper 15426
Executive Compensation: Facts
Gian Luca Clementi; Thomas F. Cooley
发表日期2009-10-13
出版年2009
语种英语
摘要In this paper we describe the important features of executive compensation in the US from 1993 to 2006. Some confirm what has been found for earlier periods and some are novel. Important facts about compensation are that: the compensation distribution is highly skewed; each year, a sizeable fraction of chief executives lose money; the use of equity grants has increased; the income accruing to CEOs from the sale of stock has increased; regardless of the measure we adopt, compensation responds strongly to innovations in shareholder wealth; measured as dollar changes in compensation, incentives have strengthened over time, measured as percentage changes in wealth, they have not changed in any appreciable way.
主题Financial Economics ; Corporate Finance ; Labor Economics ; Labor Compensation ; Other ; Accounting, Marketing, and Personnel
URLhttps://www.nber.org/papers/w15426
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/573102
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Gian Luca Clementi,Thomas F. Cooley. Executive Compensation: Facts. 2009.
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