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- W2149887573 abstract "We examine the effect of say on pay regulation in the United Kingdom (UK). Consistent with the view that shareholders regard say on pay as a value-creating mechanism, the regulation’s announcement triggered a positive stock price reaction at firms with weak penalties for poor performance. UK firms responded to negative say on pay voting outcomes by removing controversial CEO pay practices criticized as rewards for failure (e.g., generous severance contracts) and increasing the sensitivity of pay to poor realizations of performance." @default.
- W2149887573 created "2016-06-24" @default.
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- W2149887573 date "2009-01-01" @default.
- W2149887573 modified "2023-10-03" @default.
- W2149887573 title "Say on Pay Votes and CEO Compensation: Evidence from the UK" @default.
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- W2149887573 doi "https://doi.org/10.2139/ssrn.1443420" @default.
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