CEOs´ monetary incentives and performance of Mexican firms

نویسندگان

چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Incentives for CEOs to Exit∗

An important question for firms in dynamic industries is how to induce a CEO to reveal information that the firm should change its strategy, in particular when a strategy change might cause his own dismissal. We show that the uniquely optimal incentive scheme from this perspective consists of options, a base wage, and severance pay. Option compensation minimizes the CEO’s expected on-the-job pa...

متن کامل

Incentives for CEOs to Make Decisions

We ask how CEOs should be optimally compensated to make value-maximizing decisions that may cost them their jobs. Examples are the decision to shut down the firm, to give up resistance against a sale or takeover, or to acknowledge failure of the firm’s current business strategy, thus allowing the board to hire a new CEO with a different managerial vision. We find that the CEO’s optimal compensa...

متن کامل

Authority, Risk, and Performance Incentives: Evidence Fromdivisionmanager Positions inside Firms

I show that performance incentives vary by decision-making authority of division managers. For division managers with broader authority, i.e., those designated as corporate officers, both the sensitivity of pay to global performance measures and the relative importance of global to local measures are larger, relative to non-officers. There is no difference in sensitivity of pay to local measure...

متن کامل

Performance Incentives Within Firms: The Effect of Managerial Responsibility

We examine the distribution of incentives across executives with explicit divisional responsibilities, those with broad oversight authority over the firm, and CEOs. Oversight executives have pay-performance incentives that are $1.22 per thousand dollar increase in shareholder wealth higher than those of divisional executives. For CEOs, incentives are $5.65 per thousand higher than for executive...

متن کامل

Bank Mergers , the Market for Bank CEOs , and Managerial Incentives *

Compensation of bank CEOs increases after mergers, suggesting that executives may engage in acquisitions to enjoy size-related personal benefits (Bliss and Rosen, 2001). Alternatively, bank mergers can be viewed as the efficient assignation of merged assets to the managerial team best suited to realize merger gains. Theories of executive compensation based on managerial productivity and optimal...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Corporate Board role duties and composition

سال: 2017

ISSN: 2312-2722,1810-8601

DOI: 10.22495/cbv13i1p4