Abstract

http://ssrn.com/abstract=163914
 
 

References (170)



 
 

Citations (812)



 
 

Footnotes (81)



 


 



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


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Date posted: May 19, 1999  

Suggested Citation

Murphy, Kevin J., Executive Compensation (April 1998). Available at SSRN: http://ssrn.com/abstract=163914 or http://dx.doi.org/10.2139/ssrn.163914

Contact Information

Kevin J. Murphy (Contact Author)
University of Southern California - Marshall School of Business ( email )
BRI 308, MC 0804
Los Angeles, CA 90089-0804
United States
213-740-6553 (Phone)
213-740-6650 (Fax)

University of Southern California - Department of Economics
3620 South Vermont Ave. Kaprielian (KAP) Hall, 300
Los Angeles, CA 90089
United States
USC Gould School of Law
699 Exposition Boulevard
Los Angeles, CA 90089
United States

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Abstract Views: 49,847
Downloads: 16,897
Download Rank: 70
References:  170
Citations:  812
Footnotes:  81

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