Dirk Jenter
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CEO compensation: Evidence from the field Open
We survey directors and investors on the objectives, constraints, and determinants of CEO pay. We find that directors face constraints beyond participation and incentives, and that pay matters not to finance consumption but to address CEOs…
Performance-Induced CEO Turnover Open
This paper revisits the relationship between firm performance and CEO turnover. Instead of classifying turnovers into forced and voluntary, we introduce performance-induced turnover, defined as turnover that would not have occurred had per…
Executive Compensation: A Survey of Theory and Evidence Open
This paper reviews the theoretical and empirical literature on executive compensation.We start by presenting data on the level of CEO and other top executive pay over time and across firms, the changing composition of pay; and the strength…