|
|
|
|
|
|
by Grimburger
1004 days ago
|
|
|
CEO compensation vs returns: > We find evidence that industry and size adjusted CEO pay is negatively related to future
shareholder wealth changes for periods up to five years after sorting on pay. For example, firms
that pay their CEOs in the top ten percent of pay earn negative abnormal returns over the next
five years of approximately -13%. The effect is stronger for CEOs who receive higher incentive
pay relative to their peers. Our results are consistent with high-pay induced CEO overconfidence
and investor overreaction towards firms with high paid CEOs. https://www.wsj.com/public/resources/documents/CEOperformanc... Employee compensation vs Output: https://www.bls.gov/opub/btn/volume-6/pdf/understanding-the-... |
|
|