Calculation of Compensation Incentives and Firm-Related Wealth Using Execucomp: Data, Program, and Explanation

10 Pages Posted: 27 Jul 2013

See all articles by Jeffrey L. Coles

Jeffrey L. Coles

University of Utah - Department of Finance; Arizona State University (ASU) - Finance Department

Naveen D. Daniel

Drexel University - Department of Finance

Lalitha Naveen

Temple University

Date Written: July 19, 2013

Abstract

In response to recent requests from academics and practitioners, this note addresses the data and program we use in our published articles on executive compensation and incentives. First, we detail our methodology for the calculation of delta (pay-performance sensitivity), vega (risk-taking incentives), and firm-specific wealth (inside equity) for executives on the Execucomp database. Second, we provide the data on these measures for the period 1992-2010 as well as the accompanying SAS program as downloadable files on our websites.

Keywords: Executive compensation, compensation incentives, pay-performance sensitivity, risk-taking incentives, inside equity, firm-specific wealth

JEL Classification: G3, J33, M52

Suggested Citation

Coles, Jeffrey L. and Daniel, Naveen D. and Naveen, Lalitha, Calculation of Compensation Incentives and Firm-Related Wealth Using Execucomp: Data, Program, and Explanation (July 19, 2013). Available at SSRN: https://ssrn.com/abstract=2296381 or http://dx.doi.org/10.2139/ssrn.2296381

Jeffrey L. Coles

University of Utah - Department of Finance ( email )

David Eccles School of Business
Salt Lake City, UT 84112
United States
801-587-9093 (Phone)

Arizona State University (ASU) - Finance Department ( email )

W. P. Carey School of Business
P.O. Box 873906
Tempe, AZ 85287-3906
United States
480-965-4475 (Phone)
480-965-8539 (Fax)

Naveen D. Daniel

Drexel University - Department of Finance ( email )

LeBow College of Business
Philadelphia, PA 19104
United States
215-895-5858 (Phone)
215-895-2955 (Fax)

HOME PAGE: http://lebow.drexel.edu/Faculty/DanielN

Lalitha Naveen (Contact Author)

Temple University ( email )

Fox School of Business and Management
Philadelphia, PA 19122
United States
215-204-6435 (Phone)

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