Matches in SemOpenAlex for { <https://semopenalex.org/work/W3019665655> ?p ?o ?g. }
Showing items 1 to 81 of
81
with 100 items per page.
- W3019665655 abstract "Using hand-collected proxy statement data, we examine the distribution of performance metrics used to calculate executive compensation in 86 US oil and gas firms. We find that the distribution of actual–target differences is significantly discontinuous at zero over the 13-year period 2006-2018. Executives are nearly three times more likely to just beat than to just miss their performance targets. When we split metrics into transparent and non-transparent measures, we find significant discontinuities only in the non-transparent group, which persist even after 2011, when the US Securities and Exchange Commission (SEC) updated its disclosure guidance for non-GAAP performance metrics in proxy statements. The discontinuities also disappear when firms are financially distressed or have better governance. Our findings suggest that managers can routinely manipulate realized performance metrics to increase their performance-based compensation. Our framework can help analysts and investors in their firm governance assessments and the SEC in its redesign and enforcement of disclosure rules for non-transparent realized performance metrics." @default.
- W3019665655 created "2020-05-01" @default.
- W3019665655 creator A5001788283 @default.
- W3019665655 creator A5025745274 @default.
- W3019665655 date "2020-01-01" @default.
- W3019665655 modified "2023-09-27" @default.
- W3019665655 title "Striking Oil in the Boardroom: Overpaying Executives through Manipulating Performance Metrics" @default.
- W3019665655 cites W1534895963 @default.
- W3019665655 cites W1902236578 @default.
- W3019665655 cites W1964211014 @default.
- W3019665655 cites W1996978605 @default.
- W3019665655 cites W2040618932 @default.
- W3019665655 cites W2067171170 @default.
- W3019665655 cites W2068658192 @default.
- W3019665655 cites W2083429460 @default.
- W3019665655 cites W2085607302 @default.
- W3019665655 cites W2096293840 @default.
- W3019665655 cites W2098466910 @default.
- W3019665655 cites W2100752900 @default.
- W3019665655 cites W2115079477 @default.
- W3019665655 cites W2118002161 @default.
- W3019665655 cites W2138070681 @default.
- W3019665655 cites W2147831934 @default.
- W3019665655 cites W2149902237 @default.
- W3019665655 cites W2170605431 @default.
- W3019665655 cites W2891796810 @default.
- W3019665655 cites W2922873601 @default.
- W3019665655 cites W2937991475 @default.
- W3019665655 cites W3015110170 @default.
- W3019665655 cites W3021512373 @default.
- W3019665655 cites W3121130824 @default.
- W3019665655 cites W3121282585 @default.
- W3019665655 cites W3121685591 @default.
- W3019665655 cites W3121816545 @default.
- W3019665655 cites W3121863305 @default.
- W3019665655 cites W3122708490 @default.
- W3019665655 cites W3123090158 @default.
- W3019665655 cites W3124059598 @default.
- W3019665655 cites W3124321936 @default.
- W3019665655 cites W3124540276 @default.
- W3019665655 cites W3124550632 @default.
- W3019665655 cites W3124575181 @default.
- W3019665655 cites W3125098629 @default.
- W3019665655 cites W3125244926 @default.
- W3019665655 cites W3125438718 @default.
- W3019665655 cites W3125733354 @default.
- W3019665655 cites W3125872236 @default.
- W3019665655 cites W3127733519 @default.
- W3019665655 doi "https://doi.org/10.2139/ssrn.3615090" @default.
- W3019665655 hasPublicationYear "2020" @default.
- W3019665655 type Work @default.
- W3019665655 sameAs 3019665655 @default.
- W3019665655 citedByCount "0" @default.
- W3019665655 crossrefType "journal-article" @default.
- W3019665655 hasAuthorship W3019665655A5001788283 @default.
- W3019665655 hasAuthorship W3019665655A5025745274 @default.
- W3019665655 hasConcept C121955636 @default.
- W3019665655 hasConcept C144133560 @default.
- W3019665655 hasConcept C162324750 @default.
- W3019665655 hasConcept C187736073 @default.
- W3019665655 hasConceptScore W3019665655C121955636 @default.
- W3019665655 hasConceptScore W3019665655C144133560 @default.
- W3019665655 hasConceptScore W3019665655C162324750 @default.
- W3019665655 hasConceptScore W3019665655C187736073 @default.
- W3019665655 hasLocation W30196656551 @default.
- W3019665655 hasOpenAccess W3019665655 @default.
- W3019665655 hasPrimaryLocation W30196656551 @default.
- W3019665655 hasRelatedWork W1480452202 @default.
- W3019665655 hasRelatedWork W1539921135 @default.
- W3019665655 hasRelatedWork W164362287 @default.
- W3019665655 hasRelatedWork W2159232701 @default.
- W3019665655 hasRelatedWork W2348075735 @default.
- W3019665655 hasRelatedWork W2397704374 @default.
- W3019665655 hasRelatedWork W3033205368 @default.
- W3019665655 hasRelatedWork W3122722293 @default.
- W3019665655 hasRelatedWork W3135270396 @default.
- W3019665655 hasRelatedWork W3185280790 @default.
- W3019665655 isParatext "false" @default.
- W3019665655 isRetracted "false" @default.
- W3019665655 magId "3019665655" @default.
- W3019665655 workType "article" @default.