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In response to the corporate scandals in 2001-2002, the major U.S. exchanges came up with new regulations which are intended to enhance board oversight. We use this regulation event to shed light on the effect of board oversight on CEO compensation. We find that firms that were not complying with these regulations decreased their CEO compensation by between 20%-25% upon compliance, compared to ...
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ژورنال
عنوان ژورنال: Nature Biotechnology
سال: 1995
ISSN: 1087-0156,1546-1696
DOI: 10.1038/nbt1195-1142a