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Executive Pay and Firm Performance: Methodological Considerations and Future Directions

dc.contributor.authorFlorin, Beth
dc.contributor.authorHallock, Kevin F.
dc.contributor.authorWebber, Douglas
dc.date.accessioned2020-11-12T19:47:54Z
dc.date.available2020-11-12T19:47:54Z
dc.date.issued2010-02-26
dc.description.abstractThis paper is an investigation of the pay-for-performance link in executive compensation. In particular we document main issues in the pay-performance debate and explain practical issues in setting pay as well as data issues including how pay is disclosed and how that has changed over time. We also provide a summary of the state of CEO pay levels and pay mix in 2009 using a sample of over 2,000 companies and describe main data sources for researchers. We also investigate what we believe to be at the root of fundamental confusion in the literature across disciplines – methodological issues. In exploring methodological issues, we focus on empirical specifications, causality, fixed-effects, first- differencing and instrumental variables issues. We then discuss two important but not yet well explored areas; international issues and compensation in nonprofits. We conclude by examining a series of research areas where further work can be done, within and across disciplines.
dc.description.legacydownloadsBE659C2Ad01.pdf: 6238 downloads, before Oct. 1, 2020.
dc.identifier.other1212576
dc.identifier.urihttps://hdl.handle.net/1813/73183
dc.language.isoen_US
dc.subjectpay-for-performance
dc.subjectexecutive compensation
dc.subjecthuman resources
dc.subjectnonprofits
dc.subjectperformance
dc.titleExecutive Pay and Firm Performance: Methodological Considerations and Future Directions
dc.typepreprint
local.authorAffiliationFlorin, Beth: Pearl Meyer & Partners
local.authorAffiliationHallock, Kevin F.: kfh7@cornell.edu Cornell University
local.authorAffiliationWebber, Douglas: Cornell University

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