Kevin J. Murphy

University of Southern California - Marshall School of Business

Kenneth L. Trefftzs Chair in Finance

BRI 308, MC 0804

Los Angeles, CA 90089-0804

United States

USC Gould School of Law

699 Exposition Boulevard

Los Angeles, CA 90089

United States

SCHOLARLY PAPERS

34

DOWNLOADS
Rank 43

SSRN RANKINGS

Top 43

in Total Papers Downloads

115,767

CITATIONS
Rank 39

SSRN RANKINGS

Top 39

in Total Papers Citations

4,272

Scholarly Papers (34)

1.

Remuneration: Where We've Been, How We Got to Here, What are the Problems, and How to Fix Them

Harvard NOM Working Paper No. 04-28; ECGI - Finance Working Paper No. 44/2004
Number of pages: 116 Posted: 05 Jul 2004
Michael C. Jensen, Kevin J. Murphy and Eric G. Wruck
SSRN, University of Southern California - Marshall School of Business and Ohio State University (OSU) - Fisher College of Business
Downloads 20,895 (59)
Citation 159

Abstract:

Executive Remuneration, Remuneration Policies, Audit Committee, Incentives, Compensation, Incentives, Strategic Value Accountability, Share options, Overvalued Equity, Earnings Game, Corporate Fraud, Corporate Scandals, Overpayment, Agency Costs, Agency problems, Corporate Governance

2.

Executive Compensation

Number of pages: 91 Posted: 19 May 1999
Kevin J. Murphy
University of Southern California - Marshall School of Business
Downloads 17,695 (91)
Citation 804

Abstract:

3.
Downloads 14,310 ( 168)
Citation 121

CEO Incentives: It's Not How Much You Pay, But How

Michael C. Jensen, FOUNDATIONS OF ORGANIZATIONAL STRATEGY, Harvard University Press, 1998; Harvard Business Review, No. 3, May-June 1990
Number of pages: 36 Posted: 12 Apr 1999
Michael C. Jensen and Kevin J. Murphy
SSRN and University of Southern California - Marshall School of Business
Downloads 14,303 (164)
Citation 121

Abstract:

CEO Incentives - It's Not How Much You Pay, But How

Journal of Applied Corporate Finance, Vol. 22, No. 1, pp. 64-76, Winter 2010
Number of pages: 15 Posted: 31 Mar 2010
Michael C. Jensen and Kevin J. Murphy
SSRN and University of Southern California - Marshall School of Business
Downloads 7 (532,702)
Citation 120

Abstract:

4.

Compensation and Incentives: Practice vs. Theory

Michael C. Jensen, FOUNDATIONS OF ORGANIZATIONAL STRATEGY, Harvard University Press, 1998; Journal of Finance, Vol. 63, No. 3, pp. 593-616, July 1998
Number of pages: 38 Posted: 24 Sep 1998
George P. Baker, Michael C. Jensen and Kevin J. Murphy
HBS Negotiations, Organizations and Markets Unit, SSRN and University of Southern California - Marshall School of Business
Downloads 10,120 (274)
Citation 207

Abstract:

5.

Performance Pay and Top Management Incentives

Michael C. Jensen, FOUNDATIONS OF ORGANIZATIONAL STRATEGY, Harvard University Press, 1998
Number of pages: 50 Posted: 08 Mar 2001
Kevin J. Murphy and Michael C. Jensen
University of Southern California - Marshall School of Business and SSRN
Downloads 9,719 (287)
Citation 881

Abstract:

6.

Relational Contracts and the Theory of the Firm

Number of pages: 41 Posted: 11 May 1997
George P. Baker, Robert S. Gibbons and Kevin J. Murphy
HBS Negotiations, Organizations and Markets Unit, Massachusetts Institute of Technology - Sloan School and Department of Economics and University of Southern California - Marshall School of Business
Downloads 5,962 (802)
Citation 233

Abstract:

7.

Executive Compensation: Where We are, and How We Got There

George Constantinides, Milton Harris, and René Stulz (eds.), Handbook of the Economics of Finance. Elsevier Science North Holland (Forthcoming), Marshall School of Business Working Paper No. FBE 07.12,
Number of pages: 179 Posted: 17 Apr 2012 Last Revised: 13 Aug 2012
Kevin J. Murphy
University of Southern California - Marshall School of Business
Downloads 4,592 (623)
Citation 19

Abstract:

Executive compensation, CEO Pay, Regulation, Disclosure, Stock options, Accounting, Corporate governance, Sarbanes-Oxley, Dodd-Frank, International Pay

8.
Downloads 2,890 ( 2,942)
Citation 307

Stock Options for Undiversified Executives

Harvard NOM Research Paper No. 00-05; Presented at Tuck-JFE Contemporary Corporate Governance Conference; USC FBE Working Paper No. 01-16
Number of pages: 55 Posted: 14 Dec 2000
Brian J. Hall and Kevin J. Murphy
NOM Unit Head, Harvard Business School and University of Southern California - Marshall School of Business
Downloads 2,665 (3,297)
Citation 307

Abstract:

Executive Compensation, Incentives, Stock Options, Risk Aversion

Stock Options for Undiversified Executives

NBER Working Paper No. w8052
Number of pages: 51 Posted: 07 Mar 2001
Brian J. Hall and Kevin J. Murphy
NOM Unit Head, Harvard Business School and University of Southern California - Marshall School of Business
Downloads 225 (111,460)
Citation 307

Abstract:

Stock Options for Undiversified Executives

Journal of Accounting & Economics, Vol. 33, No. 2, April 2002
Posted: 30 Apr 2002
Brian J. Hall and Kevin J. Murphy
NOM Unit Head, Harvard Business School and University of Southern California - Marshall School of Business

Abstract:

executive compensation, incentives, stock options, risk aversion

9.

CEO Bonus Plans: And How to Fix Them

Harvard Business School NOM Unit Working Paper 12-022, Marshall School of Business Working Paper No. FBE 02-11
Number of pages: 66 Posted: 30 Sep 2011 Last Revised: 20 Nov 2011
Kevin J. Murphy and Michael C. Jensen
University of Southern California - Marshall School of Business and SSRN
Downloads 2,759 (2,296)
Citation 4

Abstract:

Executive Compensation, CEO Pay, Incentives, Governance, non-Equity Pay, Banking Bonus Plans

10.
Downloads 2,502 ( 3,754)
Citation 168

The Trouble with Stock Options

Harvard NOM Working Paper No. 03-33
Number of pages: 41 Posted: 13 Jun 2003
Brian J. Hall and Kevin J. Murphy
NOM Unit Head, Harvard Business School and University of Southern California - Marshall School of Business
Downloads 2,410 (3,915)
Citation 168

Abstract:

Executive compensation, stock options, equity-based pay, CEO pay, corporate governance, executive labor markets

The Trouble with Stock Options

NBER Working Paper No. w9784
Number of pages: 41 Posted: 23 Jun 2003
Brian J. Hall and Kevin J. Murphy
NOM Unit Head, Harvard Business School and University of Southern California - Marshall School of Business
Downloads 92 (235,853)
Citation 168

Abstract:

11.

Managerial Capital and the Market for CEOs

Number of pages: 50 Posted: 08 May 2007
Kevin J. Murphy and Jan Zabojnik
University of Southern California - Marshall School of Business and Queen's University - Department of Economics
Downloads 1,974 (4,201)
Citation 95

Abstract:

Executive Compensation, Executive Turnover, Human Capital, Matching, Firm-specific capial, managerial labor market

12.

Are US CEOs Paid More? New International Evidence

EFA 2009 Bergen Meetings Paper, ECGI - Finance Working Paper No. 255/2009, AFA 2011 Denver Meetings Paper
Number of pages: 50 Posted: 12 Feb 2009 Last Revised: 19 Jun 2012
IMD International, Nova School of Business and Economics, University of Virginia - Darden School of Business and University of Southern California - Marshall School of Business
Downloads 1,711 (6,400)
Citation 14

Abstract:

Executive compensation, CEO pay, International pay differences, Stock options, Corporate governance

13.

Discretion in Executive Incentive Contracts: Theory and Evidence

Number of pages: 49 Posted: 27 Dec 2001
Kevin J. Murphy and Paul Oyer
University of Southern California - Marshall School of Business and Stanford Graduate School of Business
Downloads 1,613 (6,823)
Citation 23

Abstract:

Discretion; Subjective performance valuation; Executive compensation

14.

Executive Pay and 'Independent' Compensation Consultants

Marshall School of Business Working Paper No. FBE 10-09, Journal of Accounting and Economics, Forthcoming
Number of pages: 41 Posted: 21 Jun 2008 Last Revised: 24 Feb 2010
Kevin J. Murphy and Tatiana Sandino
University of Southern California - Marshall School of Business and Harvard Business School - Accounting and Control
Downloads 1,573 (7,249)
Citation 27

Abstract:

Executive Compensation, Compensation Consultants, Conflicts of Interest, CEO Pay, board of directors, director pay, corporate governance, disclosure

15.

Performance Standards in Incentive Contracts

Number of pages: 43 Posted: 26 Nov 1999
Kevin J. Murphy
University of Southern California - Marshall School of Business
Downloads 1,501 (8,642)
Citation 90

Abstract:

16.

The Politics of Pay: A Legislative History of Executive Compensation

Marshall School of Business Working Paper No. FBE 01.11
Number of pages: 42 Posted: 26 Aug 2011
Kevin J. Murphy
University of Southern California - Marshall School of Business
Downloads 1,314 (7,361)
Citation 5

Abstract:

Executive Compensation, Regulation, Disclosure, Stock Options, Corporate Governance

17.

Compensation Structure and Systemic Risk

Marshall School of Business Working Paper No. FBE 34-09
Number of pages: 15 Posted: 30 Aug 2009 Last Revised: 07 Oct 2009
Kevin J. Murphy
University of Southern California - Marshall School of Business
Downloads 1,091 (12,051)
Citation 3

Abstract:

Executive Compensation, Stock Options, Financial Crisis, Risk

18.
Downloads 1,007 ( 16,882)
Citation 109

Optimal Exercise Prices For Executive Stock Options

Harvard NOM Working Paper No. 99-01
Number of pages: 15 Posted: 16 Jun 2000
Brian J. Hall and Kevin J. Murphy
NOM Unit Head, Harvard Business School and University of Southern California - Marshall School of Business
Downloads 955 (17,967)
Citation 109

Abstract:

Optimal Exercise Prices for Executive Stock Options

NBER Working Paper No. w7548
Number of pages: 16 Posted: 27 Jul 2000
Brian J. Hall and Kevin J. Murphy
NOM Unit Head, Harvard Business School and University of Southern California - Marshall School of Business
Downloads 52 (325,825)
Citation 109

Abstract:

Optimal Exercise Prices For Executive Stock Options

American Economic Review, May 2000
Posted: 26 Jun 2001
Brian J. Hall and Kevin J. Murphy
NOM Unit Head, Harvard Business School and University of Southern California - Marshall School of Business

Abstract:

19.

Are US CEOs Paid More? New International Evidence

Review of Financial Studies, Forthcoming
Number of pages: 66 Posted: 10 Oct 2012 Last Revised: 27 Nov 2012
IMD International, Nova School of Business and Economics, University of Virginia - Darden School of Business and University of Southern California - Marshall School of Business
Downloads 772 (18,342)
Citation 11

Abstract:

executive compensation, CEO pay, international pay differences, stock options, corporate governance

20.

Executive Stock Options and IPO Underpricing

Number of pages: 39 Posted: 21 Jun 2005
Michelle Lowry and Kevin J. Murphy
Drexel University and University of Southern California - Marshall School of Business
Downloads 713 (26,140)
Citation 12

Abstract:

Initial public offering; IPO underpricing; Executive compensation; Stock options

Regulating Banking Bonuses in the European Union: A Case Study in Unintended Consequences

USC CLEO Research Paper No. C13-8, USC Law Legal Studies Paper No. 13-8
Number of pages: 40 Posted: 19 Mar 2013 Last Revised: 11 Nov 2013
Kevin J. Murphy
University of Southern California - Marshall School of Business
Downloads 511 (43,107)
Citation 1

Abstract:

Executive compensation, CEO pay, Banking Bonuses, Financial Crisis, Regulation, European Union

Regulating Banking Bonuses in the European Union: A Case Study in Unintended Consequences

European Financial Management, Vol. 19, Issue 4, pp. 631-657, 2013
Number of pages: 27 Posted: 07 Sep 2013
Kevin J. Murphy
University of Southern California - Marshall School of Business
Downloads 0
Citation 1

Abstract:

executive compensation, CEO pay, banking bonuses, financial crisis, regulation, European Union

22.

Executive Pay Restrictions for TARP Recipients: An Assessment

Marshall School of Business Working Paper No. FBE 23-10
Number of pages: 27 Posted: 28 Oct 2010
Kevin J. Murphy
University of Southern California - Marshall School of Business
Downloads 341 (67,161)
Citation 4

Abstract:

Executive Compensation, TARP, Regulation, CEO Pay, Financial Crisis

23.

Does Executive Compensation Affect Investment?

NBER Working Paper No. w4135
Number of pages: 23 Posted: 04 May 2007
Robert Gibbons and Kevin J. Murphy
affiliation not provided to SSRN and University of Southern California - Marshall School of Business
Downloads 273 (53,322)
Citation 14

Abstract:

24.

Optimal Incentive Contracts in the Presence of Career Concerns: Theory and Evidence

NBER Working Paper No. w3792
Number of pages: 52 Posted: 19 Jun 2004
Robert S. Gibbons and Kevin J. Murphy
Massachusetts Institute of Technology - Sloan School and Department of Economics and University of Southern California - Marshall School of Business
Downloads 156 (141,975)
Citation 294

Abstract:

25.

Implicit Contracts and the Theory of the Firm

NBER Working Paper No. w6177
Number of pages: 41 Posted: 30 Aug 2000
George P. Baker, Robert S. Gibbons and Kevin J. Murphy
HBS Negotiations, Organizations and Markets Unit, Massachusetts Institute of Technology - Sloan School and Department of Economics and University of Southern California - Marshall School of Business
Downloads 103 (206,974)
Citation 221

Abstract:

26.

Subjective Performance Measures in Optimal Incentive Contracts

NBER Working Paper No. w4480
Number of pages: 39 Posted: 14 Jan 2001
George P. Baker, Robert S. Gibbons and Kevin J. Murphy
HBS Negotiations, Organizations and Markets Unit, Massachusetts Institute of Technology - Sloan School and Department of Economics and University of Southern California - Marshall School of Business
Downloads 93 (223,029)
Citation 273

Abstract:

27.

Relative Performance Evaluation for Chief Executive Officers

NBER Working Paper No. w2944
Number of pages: 40 Posted: 18 Jul 2007 Last Revised: 20 Jul 2010
Robert S. Gibbons and Kevin J. Murphy
Massachusetts Institute of Technology - Sloan School and Department of Economics and University of Southern California - Marshall School of Business
Downloads 88 (240,879)
Citation 168

Abstract:

28.

Inside Debt and Corporate Investment

AAA 2015 Management Accounting Section (MAS) Meeting
Number of pages: 43 Posted: 19 Aug 2014 Last Revised: 09 Aug 2016
Joonil Lee, Kevin J. Murphy, Peter SH. Oh and Marshall D. Vance
Kyung Hee University, University of Southern California - Marshall School of Business, University of Southern California - Leventhal School of Accounting and University of Southern California - Leventhal School of Accounting
Downloads 0 (278,364)

Abstract:

inside debt holdings, deferred compensation, pension, investment efficiency

29.

Stock-based Pay in New Economy Firms

Journal of Accounting & Economics, Vol. 34, Nos. 1-3, pp. 129-147, January 2003
Posted: 05 Feb 2003
Kevin J. Murphy
University of Southern California - Marshall School of Business

Abstract:

executive compensation, stock options, new economy

30.

The Prince and the Pauper: CEO Pay in the US and UK

Posted: 30 Aug 2000
Kevin J. Murphy and Martin J. Conyon
University of Southern California - Marshall School of Business and Lancaster University - Management School

Abstract:

31.

Incentives, Downsizing, and Value Creation at General Dynamics

JOURNAL OF FINANCIAL ECONOMICS, 1995
Posted: 27 Oct 1999
Jay Dial and Kevin J. Murphy
Ohio State University (OSU) - Human Resource Research and University of Southern California - Marshall School of Business

Abstract:

32.

Informal Authority in Organizations

Journal of Law, Economics and Organization, Vol. 15, No. 1, Spring 1999
Posted: 17 May 1999
George P. Baker, Robert S. Gibbons and Kevin J. Murphy
HBS Negotiations, Organizations and Markets Unit, Massachusetts Institute of Technology - Sloan School and Department of Economics and University of Southern California - Marshall School of Business

Abstract:

33.

Executive Compensation and Corporate Strategy at General Dynamics

Harvard Business School Working Paper Series 94-064
Posted: 20 Dec 1998
Jay Dial and Kevin J. Murphy
Ohio State University (OSU) - Human Resource Research and University of Southern California - Marshall School of Business

Abstract:

Reporting Choice and the 1992 Proxy Disclosure Rules

JOURNAL OF ACCOUNTING, AUDITING AND FINANCE, Vol 11, No 3, Summer 1996
Posted: 12 Feb 1998
Kevin J. Murphy
University of Southern California - Marshall School of Business

Abstract:

Reporting Choice and the 1992 Proxy Disclosure Rules

Posted: 30 Oct 1995
Kevin J. Murphy
University of Southern California - Marshall School of Business

Abstract:

Other Papers (1)

Total Downloads: 238    Citations: 0
1.

Beware the Self-Serving Critics

New York Times, May 20, 1984
Number of pages: 4 Posted: 28 Nov 2003
Kevin J. Murphy and Michael C. Jensen
University of Southern California - Marshall School of Business and SSRN
Downloads 232

Abstract:

CEO Compensation, executive compensation, corruption, fraud