Many industrialized economies have seen a rapid rise in top income inequality and in the globalization of production since the 1980s. In this paper I propose an open economy model of executive pay to study how offshoring affects the pay level and incentives of top earners. The model introduces a simple principal-agent problem into a heterogeneous firm talent assignment model and endogenizes pay...

New Zealand firms exhibit significant variation in the extent to which they formally involve CEOs in the executive pay-setting process: a considerable number sit on the compensation committee, while others are excluded from the board altogether. Using 1997-2005 data, we find that CEOs who sit on the compensation committee obtain generous annual pay rewards that have low sensitivity to poor perf...

MPSIAC is currently known as an appropriate method to measure sediment ofWatershed basins of the country while there has not been any sensitivity analysis so far forthis method. In this study, required data for MPSIAC model were gathered from six basins;Amame-Kamarkhani, Kand-Golandok, Tang Kenesht (from two different references), Nojian(from three different references), Pegahe sorkh katvand (f...

This paper compares the relative effectiveness of two measures by which the Chinese government attempted to improve the monitoring of listed companies: shifting the ownership of state shares from government agencies (GAs) to the corporate form of state-owned enterprises (SOEs), and strengthening corporate governance through statutory regulations and guidelines. The results show that SOEs are be...

extensive flood damages all over the world necessitate its control and operation. hydrologic impacts of land use change appear in many ways such as total runoff, and flood peak flow. this study was performed in 2014 and aimed to investigate the impacts of land use changes on the occurrence of floods in the catchment of boostan dam in golestan province, iran. for this purpose, watershed modeling...

Economists have recently adopted pre-analysis plans in response to concerns about robustness and transparency research. The increased use of registered has raised competing that detailed are costly create, overly restrictive, limit the type inspiration stems from exploratory analysis. We consider these views plans, make a careful distinction between roles registries, which provide record all pl...

We use China as a laboratory to test the effect of government quality on cash holdings. We build on, and extend, the existing literature on government expropriation and its interaction with firm-level agency problems by proposing a financial constraint mitigation argument. We find that firms hold less cash when local government quality is high, which is not consistent with the state expropriati...

Previous research has indicated a surprising statistically significant impact on the local economy in the city that wins the Super Bowl. An analysis of personal income growth in victorious Super Bowl cities from 1972-2000 cannot further confirm these results, finding no statistically significant effect on the local economies of these cities. JEL Classification Codes: L83 Sports; Gambling; Recre...

This paper presents a procedure for studying industrial performance and related issues such as changes in the wage structure. This procedure combines cluster analysis and discriminant analysis as a package, and applies this package to time series data. This enables us to organize industrial data into groups with similar wage or performance histories and then to extract summary time-series showi...

Available online 19 September 2012 JEL classification: C72 D72 D74