The myth of executive compensation do shareholders get what they pay for?

We use compensation data for a sample of 701 US public firms and document a significant positive relation between the level of executive compensation and the subsequent realized stock returns. In present value terms, shareholders in firms incurring a total compensation cost of $78 million above the...

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Veröffentlicht in:Applied financial economics
1. Verfasser: Bayless, Mark E. (VerfasserIn)
Format: UnknownFormat
Sprache:eng
Veröffentlicht: 2009
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Führungskräfte > Lohn > Kapitaleinkommen > Leistungsentgelt > USA > Aufsatz in Zeitschrift
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