Matches in SemOpenAlex for { <https://semopenalex.org/work/W2257591457> ?p ?o ?g. }
Showing items 1 to 74 of
74
with 100 items per page.
- W2257591457 abstract "No other corporate governance issue captures the imagination and frustration of the American public and politicians more than executive compensation. Despite decades of varied responses to address soaring executive compensation such as tax measures, board independence requirements, and mandated disclosures, executive compensation levels continue to soar, as does the saliency of executive compensation as a political issue. Most of the legal literature on executive compensation has focused on the conduct of wayward managers. This article, however, examines the impact of political behavior (i.e., lawmaker opportunism) on executive compensation reform. For lawmakers, executive compensation reform operates as a blue pill - a mechanism for lawmaker diversion and responsibility-shifting that diverts corporate constituent and scholarly attention away from more important corporate governance and socio-economic issues. This scenario threatens the prospect of optimal reform. Executive compensation reform is analogous to a service exhibiting credence characteristics. Credence characteristics are service attributes whose quality cannot be fully determined even after significant use. Examples of services with substantial credence characteristics include automobile repair services, medical treatments, and corporate law. In the corporate law context, corporate lawmakers - the state of Delaware and the federal government - not only provide reform services, but also act as experts and diagnose corporate governance problems. Information asymmetries between lawmakers and various corporate constituencies (e.g., managers, shareholders, and populist groups) create perverse incentives for opportunistic lawmaker behavior. The unobservable impact of executive compensation reform provides lawmakers with added discretion that is often used for incremental, moderate, or conservative corporate reforms, even in the face of crisis. On the other hand, sweeping reforms are unlikely because they pose a serious risk to political capital. Therefore, lawmaker cries for executive compensation reform should be approached with vigilance." @default.
- W2257591457 created "2016-06-24" @default.
- W2257591457 creator A5042457174 @default.
- W2257591457 date "2008-11-24" @default.
- W2257591457 modified "2023-09-25" @default.
- W2257591457 title "Taking the Blue Pill: The Imponderable Impact of Executive Compensation Reform" @default.
- W2257591457 hasPublicationYear "2008" @default.
- W2257591457 type Work @default.
- W2257591457 sameAs 2257591457 @default.
- W2257591457 citedByCount "1" @default.
- W2257591457 countsByYear W22575914572012 @default.
- W2257591457 crossrefType "posted-content" @default.
- W2257591457 hasAuthorship W2257591457A5042457174 @default.
- W2257591457 hasConcept C10138342 @default.
- W2257591457 hasConcept C105795698 @default.
- W2257591457 hasConcept C121955636 @default.
- W2257591457 hasConcept C129631789 @default.
- W2257591457 hasConcept C144133560 @default.
- W2257591457 hasConcept C151392489 @default.
- W2257591457 hasConcept C162324750 @default.
- W2257591457 hasConcept C17744445 @default.
- W2257591457 hasConcept C190253527 @default.
- W2257591457 hasConcept C199539241 @default.
- W2257591457 hasConcept C25253098 @default.
- W2257591457 hasConcept C2777632292 @default.
- W2257591457 hasConcept C2779299062 @default.
- W2257591457 hasConcept C2779513410 @default.
- W2257591457 hasConcept C33923547 @default.
- W2257591457 hasConcept C39389867 @default.
- W2257591457 hasConcept C94625758 @default.
- W2257591457 hasConceptScore W2257591457C10138342 @default.
- W2257591457 hasConceptScore W2257591457C105795698 @default.
- W2257591457 hasConceptScore W2257591457C121955636 @default.
- W2257591457 hasConceptScore W2257591457C129631789 @default.
- W2257591457 hasConceptScore W2257591457C144133560 @default.
- W2257591457 hasConceptScore W2257591457C151392489 @default.
- W2257591457 hasConceptScore W2257591457C162324750 @default.
- W2257591457 hasConceptScore W2257591457C17744445 @default.
- W2257591457 hasConceptScore W2257591457C190253527 @default.
- W2257591457 hasConceptScore W2257591457C199539241 @default.
- W2257591457 hasConceptScore W2257591457C25253098 @default.
- W2257591457 hasConceptScore W2257591457C2777632292 @default.
- W2257591457 hasConceptScore W2257591457C2779299062 @default.
- W2257591457 hasConceptScore W2257591457C2779513410 @default.
- W2257591457 hasConceptScore W2257591457C33923547 @default.
- W2257591457 hasConceptScore W2257591457C39389867 @default.
- W2257591457 hasConceptScore W2257591457C94625758 @default.
- W2257591457 hasLocation W22575914571 @default.
- W2257591457 hasOpenAccess W2257591457 @default.
- W2257591457 hasPrimaryLocation W22575914571 @default.
- W2257591457 hasRelatedWork W1541176970 @default.
- W2257591457 hasRelatedWork W1586564107 @default.
- W2257591457 hasRelatedWork W1597584437 @default.
- W2257591457 hasRelatedWork W1845795299 @default.
- W2257591457 hasRelatedWork W2105135385 @default.
- W2257591457 hasRelatedWork W2254787977 @default.
- W2257591457 hasRelatedWork W2501085555 @default.
- W2257591457 hasRelatedWork W277777622 @default.
- W2257591457 hasRelatedWork W2902304425 @default.
- W2257591457 hasRelatedWork W2922366558 @default.
- W2257591457 hasRelatedWork W3023841192 @default.
- W2257591457 hasRelatedWork W3043759550 @default.
- W2257591457 hasRelatedWork W3121379648 @default.
- W2257591457 hasRelatedWork W3121667034 @default.
- W2257591457 hasRelatedWork W3124608215 @default.
- W2257591457 hasRelatedWork W3125321741 @default.
- W2257591457 hasRelatedWork W3165802894 @default.
- W2257591457 hasRelatedWork W3202475949 @default.
- W2257591457 hasRelatedWork W591319254 @default.
- W2257591457 hasRelatedWork W72821230 @default.
- W2257591457 isParatext "false" @default.
- W2257591457 isRetracted "false" @default.
- W2257591457 magId "2257591457" @default.
- W2257591457 workType "article" @default.