The rapid rise in the earnings of top executives is a distinctive feature of modern capitalism. This important two volume collection presents some of the most influential published theoretical and empirical papers on executive compensation.
Topics include: Theoretical Foundations of Executive Pay; Executive Compensation and Company Performance; Relative Performance Evaluation; Determinants of Executive Compensation; The Effects of CEO Pay; Accounting Measures in Executive Contracts; CEO Turnover; CEO Pay Internationally; Economic Environments and Executive Pay.
The Economics of Executive Compensation draws together a wide range of literature and will be an essential reference guide for students, researchers and practioners.
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Edited by Kevin F. Hallock, Dean, SC Johnson College of Business, Cornell University and Kevin J. Murphy, Professor of Finance and Business Economics, Marshall School of Business, University of Southern California, US
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