CEO Talent, CEO Compensation, and Product Market Competition
نویسندگان
چکیده
منابع مشابه
CEO Talent, CEO Compensation, and Product Market Competition∗
I study how the distribution of CEO talent and that of CEO compensation vary across industries, and how product market characteristics affect these distributions. I develop a general equilibrium model that incorporates the competitive assignment of CEOs to firms in a framework in which firms engage in imperfect product market—specifically, monopolistic—competition. I use the model to address th...
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C ompensation figures for the top managers of large firms are on the news frequently. Newspapers report the salaries, the bonuses, and the profits from selling stock options of the highest paid executives, often under headlines suggesting excessive levels of pay or a very weak relation of pay to the performance of the firms.1 Especially after the fraud scandals at Enron and other important corp...
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An underlying assumption in the executive compensation literature is that there is a national labor market for CEOs. The urban economics literature, however, documents higher ability among workers in large metropolitans, which results in a real and stable urban wage premium. In this paper, we investigate the link between the spatial clustering of firms in big, central cities (i.e., urban agglom...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2012
ISSN: 1556-5068
DOI: 10.2139/ssrn.2010890