Matches in SemOpenAlex for { <https://semopenalex.org/work/W3122711153> ?p ?o ?g. }
Showing items 1 to 78 of
78
with 100 items per page.
- W3122711153 abstract "We study a model in which a CEO can entrench himself by hiding information from the board that would allow the board to conclude that he should be replaced. Assuming that even diligent monitoring by the board cannot fully overcome the information asymmetry vis-a-vis the CEO, we ask if there is a role for CEO compensation to mitigate the inefficiency. Our analysis points to a novel argument for high-powered, non-linear CEO compensation such as bonus pay or stock options. By shifting the CEO’s compensation into states where the firm’s value is highest, a high-powered compensation scheme makes it as unattractive as possible for the CEO to entrench himself when he expects that the firm’s future value under his management and strategy is low. This, in turn, minimizes the severance pay needed to induce the CEO not to entrench himself, thereby minimizing the CEO’s informational rents. Amongst other things, our model suggests how deregulation and technological changes in the 1980s and 1990s might have contributed to the rise in CEO pay and turnover over the same period." @default.
- W3122711153 created "2021-02-01" @default.
- W3122711153 creator A5008670911 @default.
- W3122711153 creator A5034114136 @default.
- W3122711153 date "2005-10-01" @default.
- W3122711153 modified "2023-09-27" @default.
- W3122711153 title "Keeping the Board in the Dark: CEO Compensation and Entrenchment" @default.
- W3122711153 hasPublicationYear "2005" @default.
- W3122711153 type Work @default.
- W3122711153 sameAs 3122711153 @default.
- W3122711153 citedByCount "10" @default.
- W3122711153 countsByYear W31227111532014 @default.
- W3122711153 crossrefType "posted-content" @default.
- W3122711153 hasAuthorship W3122711153A5008670911 @default.
- W3122711153 hasAuthorship W3122711153A5034114136 @default.
- W3122711153 hasConcept C106866004 @default.
- W3122711153 hasConcept C119857082 @default.
- W3122711153 hasConcept C121955636 @default.
- W3122711153 hasConcept C144133560 @default.
- W3122711153 hasConcept C145236788 @default.
- W3122711153 hasConcept C151392489 @default.
- W3122711153 hasConcept C15744967 @default.
- W3122711153 hasConcept C162324750 @default.
- W3122711153 hasConcept C175444787 @default.
- W3122711153 hasConcept C23032112 @default.
- W3122711153 hasConcept C2776291640 @default.
- W3122711153 hasConcept C2780023022 @default.
- W3122711153 hasConcept C2781039245 @default.
- W3122711153 hasConcept C29122968 @default.
- W3122711153 hasConcept C34447519 @default.
- W3122711153 hasConcept C41008148 @default.
- W3122711153 hasConcept C77805123 @default.
- W3122711153 hasConcept C78780426 @default.
- W3122711153 hasConceptScore W3122711153C106866004 @default.
- W3122711153 hasConceptScore W3122711153C119857082 @default.
- W3122711153 hasConceptScore W3122711153C121955636 @default.
- W3122711153 hasConceptScore W3122711153C144133560 @default.
- W3122711153 hasConceptScore W3122711153C145236788 @default.
- W3122711153 hasConceptScore W3122711153C151392489 @default.
- W3122711153 hasConceptScore W3122711153C15744967 @default.
- W3122711153 hasConceptScore W3122711153C162324750 @default.
- W3122711153 hasConceptScore W3122711153C175444787 @default.
- W3122711153 hasConceptScore W3122711153C23032112 @default.
- W3122711153 hasConceptScore W3122711153C2776291640 @default.
- W3122711153 hasConceptScore W3122711153C2780023022 @default.
- W3122711153 hasConceptScore W3122711153C2781039245 @default.
- W3122711153 hasConceptScore W3122711153C29122968 @default.
- W3122711153 hasConceptScore W3122711153C34447519 @default.
- W3122711153 hasConceptScore W3122711153C41008148 @default.
- W3122711153 hasConceptScore W3122711153C77805123 @default.
- W3122711153 hasConceptScore W3122711153C78780426 @default.
- W3122711153 hasLocation W31227111531 @default.
- W3122711153 hasOpenAccess W3122711153 @default.
- W3122711153 hasPrimaryLocation W31227111531 @default.
- W3122711153 hasRelatedWork W1485535210 @default.
- W3122711153 hasRelatedWork W1567323077 @default.
- W3122711153 hasRelatedWork W1839862047 @default.
- W3122711153 hasRelatedWork W2018815860 @default.
- W3122711153 hasRelatedWork W2112905472 @default.
- W3122711153 hasRelatedWork W2153361403 @default.
- W3122711153 hasRelatedWork W2408411318 @default.
- W3122711153 hasRelatedWork W2590418555 @default.
- W3122711153 hasRelatedWork W2752617332 @default.
- W3122711153 hasRelatedWork W2763776755 @default.
- W3122711153 hasRelatedWork W2980629172 @default.
- W3122711153 hasRelatedWork W3002401087 @default.
- W3122711153 hasRelatedWork W3114783904 @default.
- W3122711153 hasRelatedWork W3124379587 @default.
- W3122711153 hasRelatedWork W3124587674 @default.
- W3122711153 hasRelatedWork W3125207006 @default.
- W3122711153 hasRelatedWork W3125362379 @default.
- W3122711153 hasRelatedWork W3125947162 @default.
- W3122711153 hasRelatedWork W3135490280 @default.
- W3122711153 hasRelatedWork W2137249895 @default.
- W3122711153 isParatext "false" @default.
- W3122711153 isRetracted "false" @default.
- W3122711153 magId "3122711153" @default.
- W3122711153 workType "article" @default.