|
Based on your IP address, your paper is being delivered by:
|
 |
 |
 |
 |
 |
New York, USA
Processing request.
|
Illinois, USA
Processing request.
|
Brussels, Belgium
Processing request.
|
Seoul, Korea
Processing request.
|
California, USA
Processing request.
|
If you have any problems downloading this paper,
please click on another Download Location above, or
File name: 99051113. ; Size: 370K
|
|
Executive Compensation
Kevin J. Murphy
University of Southern California - Marshall School of Business; University of Southern California - Department of Economics; USC Gould School of Law
April 1998
Abstract:
This paper summarizes the empirical and theoretical research on executive compensation and provides a comprehensive and up-to-date description of pay practices (and trends in pay practices) for chief executive officers (CEOs). Topics discussed include the level and structure of CEO pay (including detailed analyses of annual bonus plans, executive stock options, and option valuation), international pay differences, the pay-setting process, the relation between CEO pay and firm performance ("pay-performance sensitivities"), the relation between sensitivities and subsequent firm performance, relative performance evaluation, executive turnover, and the politics of CEO pay.
Number of Pages in PDF File: 91
JEL Classification: J33, J41, G30
working papers series
Download This Paper
Date posted: May 19, 1999
Suggested CitationMurphy, Kevin J., Executive Compensation (April 1998). Available at SSRN: http://ssrn.com/abstract=163914 or http://dx.doi.org/10.2139/ssrn.163914
|
| Feedback to SSRN (Beta) |
|
|
People who downloaded this paper also downloaded:
1.
Remuneration: Where We've Been, How We Got to Here, What are the Problems, and How to Fix Them
By
Michael Jensen,
Kevin Murphy, ...
2.
CEO Incentives: It's Not How Much You Pay, But How
By
Michael Jensen
and
Kevin Murphy
3.
Executive Compensation as an Agency Problem
By
Lucian Bebchuk
and
Jesse Fried
4.
Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
By
Michael Jensen
and
William Meckling
5.
Compensation and Incentives: Practice vs. Theory
By
George Baker,
Michael Jensen, ...
6.
Pay Without Performance: The Unfulfilled Promise of Executive Compensation
By
Lucian Bebchuk
and
Jesse Fried
7.
CEO Compensation
By
Carola Frydman
and
Dirk Jenter
8.
Performance Pay and Top Management Incentives
By
Kevin Murphy
and
Michael Jensen
9.
The Wages of Failure: Executive Compensation at Bear Stearns and Lehman 2000-2008
By
Lucian Bebchuk,
Alma Cohen, ...
10.
Corporate Governance and Firm Performance
By
Lawrence Brown
and
Marcus Caylor
|
|
|
|
