Pierre Chaigneau

Queen's University

Associate Professor

Smith School of Business - Queen's University

143 Union Street

Kingston, Ontario K7L 3N6

Canada

Queen’s University

  • Queen's University

SCHOLARLY PAPERS

20

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5,810

SSRN CITATIONS
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SSRN RANKINGS

Top 9,274

in Total Papers Citations

118

CROSSREF CITATIONS

18

Scholarly Papers (20)

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1.

How Should Performance Signals Affect Contracts?

Downloads 919 (39,055)
Citation 2

How Should Performance Signals Affect Contracts?

Review of Financial Studies, forthcoming, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 439/2014
Number of pages: 81 Posted: 29 Aug 2014 Last Revised: 03 Aug 2021
Pierre Chaigneau, Alex Edmans and Daniel Gottlieb
Queen's University, London Business School - Institute of Finance and Accounting and London School of Economics
Downloads 901 (39,538)
Citation 1

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informativeness principle, limited liability, option repricing, pay-for-luck, performance-based vesting, performance-sensitive debt

The Informativeness Principle Under Limited Liability

NBER Working Paper No. w20456
Number of pages: 22 Posted: 08 Sep 2014 Last Revised: 24 Nov 2022
Pierre Chaigneau, Alex Edmans and Daniel Gottlieb
Queen's University, London Business School - Institute of Finance and Accounting and London School of Economics
Downloads 18 (811,641)

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The Informativeness Principle Under Limited Liability

CEPR Discussion Paper No. DP10143
Number of pages: 24 Posted: 25 Sep 2014
Pierre Chaigneau, Alex Edmans and Daniel Gottlieb
Queen's University, London Business School - Institute of Finance and Accounting and Paul Baerwald School of Social Work
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contract theory, Informativeness principle, limited liability, options, pay-for-luck, principal-agent model, relative performance evaluation

How Should Performance Signals Affect Contracts?

CEPR Discussion Paper No. DP15755
Number of pages: 77 Posted: 11 Feb 2021
Pierre Chaigneau, Alex Edmans and Daniel Gottlieb
Queen's University, London Business School - Institute of Finance and Accounting and London School of Economics
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2.

Does Improved Information Improve Incentives?

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Citation 6

Does Improved Information Improve Incentives?

Journal of Financial Economics (JFE), Forthcoming, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 442/2014
Number of pages: 74 Posted: 24 May 2013 Last Revised: 28 Dec 2022
Pierre Chaigneau, Alex Edmans and Daniel Gottlieb
Queen's University, London Business School - Institute of Finance and Accounting and London School of Economics
Downloads 807 (45,937)
Citation 4

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Executive compensation, limited liability, options, risk management, relative performance evaluation.

The Value of Informativeness for Contracting

NBER Working Paper No. w20542
Number of pages: 60 Posted: 06 Oct 2014 Last Revised: 19 Aug 2022
Pierre Chaigneau, Alex Edmans and Daniel Gottlieb
Queen's University, London Business School - Institute of Finance and Accounting and London School of Economics
Downloads 21 (784,253)

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The Value of Informativeness for Contracting

CEPR Discussion Paper No. DP10180
Number of pages: 62 Posted: 06 Oct 2014
Pierre Chaigneau, Alex Edmans and Daniel Gottlieb
Queen's University, London Business School - Institute of Finance and Accounting and Paul Baerwald School of Social Work
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contract theory, informativeness principle, limited liability, options, pay-for-luck, principal-agent model, relative performance evaluation

3.

Transparency in the Financial System: Rollover Risk and Crises

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Citation 47

Transparency in the Financial System: Rollover Risk and Crises

Journal of Finance, Forthcoming
Number of pages: 56 Posted: 17 Dec 2011 Last Revised: 10 Sep 2014
Matthieu Bouvard, Pierre Chaigneau and Adolfo de Motta
Toulouse School of Economics, University Toulouse Capitole (TSM-Research), Queen's University and McGill University - Desautels Faculty of Management
Downloads 664 (59,617)
Citation 25

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transparency, banking, rollover risk, stress tests, crises

Transparency in the Financial System: Rollover Risk and Crises

Paris December 2012 Finance Meeting EUROFIDAI-AFFI Paper
Number of pages: 42 Posted: 12 Jun 2012
Matthieu Bouvard, Pierre Chaigneau and Adolfo de Motta
Toulouse School of Economics, University Toulouse Capitole (TSM-Research), Queen's University and McGill University - Desautels Faculty of Management
Downloads 84 (444,146)
Citation 22

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transparency, banking, rollover risk, crises

4.

The Informativeness Principle Without the First-Order Approach

Downloads 486 (89,412)
Citation 1

The Informativeness Principle Without the First-Order Approach

Games and Economic Behavior, Forthcoming, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 444/2014
Number of pages: 39 Posted: 19 Nov 2014 Last Revised: 28 Aug 2018
Pierre Chaigneau, Alex Edmans and Daniel Gottlieb
Queen's University, London Business School - Institute of Finance and Accounting and London School of Economics
Downloads 451 (96,732)
Citation 1

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Contract theory, principal-agent model, informativeness principle

The Generalized Informativeness Principle

NBER Working Paper No. w20729
Number of pages: 20 Posted: 08 Dec 2014 Last Revised: 22 Aug 2022
Pierre Chaigneau, Alex Edmans and Daniel Gottlieb
Queen's University, London Business School - Institute of Finance and Accounting and London School of Economics
Downloads 35 (672,893)

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The Generalized Informativeness Principle

CEPR Discussion Paper No. DP10279
Number of pages: 21 Posted: 08 Dec 2014
Pierre Chaigneau, Alex Edmans and Daniel Gottlieb
Queen's University, London Business School - Institute of Finance and Accounting and London School of Economics
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Contract theory, informativeness principle., principal-agent model

5.

The Effect of Monitoring on CEO Compensation in a Matching Equilibrium

Paris December 2011 Finance Meeting EUROFIDAI - AFFI
Number of pages: 45 Posted: 14 Oct 2011 Last Revised: 04 Jul 2017
Pierre Chaigneau and Nicolas Sahuguet
Queen's University and HEC Montreal - Institute of Applied Economics
Downloads 425 (104,700)
Citation 2

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CEO compensation, CEO retention, corporate governance, monitoring, ownership structure

6.

A Theory of Fair CEO Pay

European Corporate Governance Institute – Finance Working Paper No. 865/2022
Number of pages: 47 Posted: 11 Dec 2022 Last Revised: 04 Jan 2023
Pierre Chaigneau, Alex Edmans and Daniel Gottlieb
Queen's University, London Business School - Institute of Finance and Accounting and London School of Economics
Downloads 313 (149,553)

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Executive compensation, fairness, moral hazard

7.

Risk-Shifting and the Regulation of Bank CEOs' Compensation

Journal of Financial Stability, Vol. 9, No. 4, 2013, 23rd Australasian Finance and Banking Conference 2010 Paper
Number of pages: 30 Posted: 24 Aug 2010 Last Revised: 03 Aug 2016
Pierre Chaigneau
Queen's University
Downloads 306 (150,593)
Citation 2

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Banking regulation, CEO incentives, Corporate governance, Moral hazard

8.

Downside Risk Neutral Probabilities

Downloads 281 (164,553)

Downside Risk Neutral Probabilities

Number of pages: 15 Posted: 19 Feb 2015 Last Revised: 26 Sep 2018
Pierre Chaigneau and Louis Eeckhoudt
Queen's University and Facultes Universitaires Catholiques de Mons (FUCAM)
Downloads 231 (199,302)

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downside risk, prudence, risk aversion, risk neutral probabilities, risk substitution

Downside Risk Neutral Probabilities

Centre Interuniversitaire sur le Risque, les Politiques Economiques et l'Emploi, Working Paper Series, No. 21, 2015
Number of pages: 35 Posted: 24 Nov 2015
Pierre Chaigneau and Louis Eeckhoudt
Queen's University and Catholic University of Lille - IESEG School of Management
Downloads 50 (583,964)

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asset pricing, downside risk, quadratic pricing kernel, linear pricing kernel, prudence, risk neutral probabilities

9.

The Complementarity between Signal Informativeness and Monitoring

Number of pages: 47 Posted: 09 Feb 2019 Last Revised: 15 Jul 2022
Pierre Chaigneau and Nicolas Sahuguet
Queen's University and HEC Montreal - Institute of Applied Economics
Downloads 270 (172,092)

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board monitoring, corporate governance system, governance complementarity, hard and soft information, informativeness

10.

Risk Aversion, Prudence, and Compensation

Forthcoming, European Journal of Finance
Number of pages: 23 Posted: 19 Jan 2012 Last Revised: 08 Aug 2014
Pierre Chaigneau
Queen's University
Downloads 245 (188,810)
Citation 2

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downside risk, executive compensation, principal-agent model, prudence, risk preferences, stock options

11.

When Is (Performance-Sensitive) Debt Optimal?

European Corporate Governance Institute – Finance Working Paper 780/2021
Number of pages: 42 Posted: 18 Aug 2021 Last Revised: 07 Jul 2022
Pierre Chaigneau, Alex Edmans and Daniel Gottlieb
Queen's University, London Business School - Institute of Finance and Accounting and London School of Economics
Downloads 240 (192,620)

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informativeness principle, limited liability, performance-sensitive debt

12.

Managerial Compensation and Firm Value in the Presence of Socially Responsible Investors

Journal of Business Ethics, Forthcoming
Number of pages: 37 Posted: 22 Jun 2014 Last Revised: 03 Aug 2016
Pierre Chaigneau
Queen's University
Downloads 179 (252,150)

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corporate social performance (CSP), corporate social responsibility (CSR), executive compensation, fiduciary duty, incentive contracts, principal-agent model, socially responsible investment (SRI)

13.

Prudence and the Convexity of Compensation Contracts

Number of pages: 9 Posted: 28 Apr 2016 Last Revised: 27 Feb 2017
Pierre Chaigneau, Nicolas Sahuguet and Bernard Sinclair-Desgagne
Queen's University, HEC Montreal - Institute of Applied Economics and Skema Business School & GREDEG, Université Côte D'Azur
Downloads 144 (302,458)
Citation 2

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executive compensation, principal-agent model, options, prudence, risk aversion

14.

Excessive Discretion or Information Transmission? Evidence from Option Valuation Reporting

Number of pages: 50 Posted: 18 Jan 2019 Last Revised: 17 Jan 2023
Pierre Chaigneau, Julien Le Maux and Antoine Noël
Queen's University, HEC Montreal - Department of Accounting Studies and NEOMA Business School
Downloads 110 (369,203)

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disclosure, dividend yield, executive stock option, fair measurement, manipulation, volatility

15.

The Implications of Reverse Convertible Bonds for Bank Runs and Risk Shifting

Number of pages: 35 Posted: 25 Sep 2018 Last Revised: 07 Oct 2018
Pierre Chaigneau
Queen's University
Downloads 84 (439,927)

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banking regulation, contingent capital, financial regulation, financial stability, reverse convertible bonds

16.

When Strong Mitigation against a Pandemic Backfires

Number of pages: 22 Posted: 22 May 2020 Last Revised: 11 Jun 2020
Pierre Chaigneau
Queen's University
Downloads 83 (443,072)

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COVID-19, economic epidemiology, lockdown, pandemic mitigation, social feasibility

17.

Changes in Probability Distributions and the Form of Compensation Contracts

Forthcoming, Economic Theory Bulletin
Number of pages: 10 Posted: 02 Feb 2014 Last Revised: 04 Jul 2014
Pierre Chaigneau
Queen's University
Downloads 58 (535,953)

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executive compensation, first-order approach, informativeness, likelihood ratio, performance measure, principal-agent model

18.

The Optimal Timing of CEO Compensation

Number of pages: 9 Posted: 22 Nov 2011 Last Revised: 25 Jun 2017
Pierre Chaigneau
Queen's University
Downloads 56 (544,900)
Citation 7

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deferred compensation, executive compensation, learning, principal-agent model, stock-options, vesting

19.

Capital Structure with Information about the Upside and the Downside

Number of pages: 49 Posted: 28 Dec 2022 Last Revised: 29 Dec 2022
Pierre Chaigneau
Queen's University
Downloads 34 (668,691)

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capital structure, downside risk, security design, tranching, upside potential

20.

ESG Ratings for Corporate Governance

Number of pages: 54
Pierre Chaigneau and Nicolas Sahuguet
Queen's University and HEC Montreal - Institute of Applied Economics
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corporate governance, corporate social responsibility, ESG index, ESG scores, ESG measurement, ESG harmonization