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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w15426 |
来源ID | Working 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 |
URL | https://www.nber.org/papers/w15426 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573102 |
推荐引用方式 GB/T 7714 | Gian Luca Clementi,Thomas F. Cooley. Executive Compensation: Facts. 2009. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w15426.pdf(783KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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