CEO pay and appointments: A market-based explanation for recent trends

American Economic Review

Volumn 94, Issue 2, 2004, Pages 192-196

  Murphy, Kevin J ^a   Zábojník, Ján ^a  

^a UNIVERSITY OF SOUTHERN CALIFORNIA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 4043139394     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/0002828041302262     Document Type: Conference Paper

References (8)

1. Bebchuk, Lucian; Fried, Jesse and Walker, David. "Managerial Power and Rent Extraction in the Design of Executive Compensation." University of Chicago Law Review, Summer 2002, 69(3), pp. 751-61.
2. Hall, Brian J. and Kevin J. Murphy. "Stock Options for Undiversified Executives." Journal of Accounting and Economics, February 2002, 33(1), pp. 3-42.
3. _. "The Trouble with Stock Options." Journal of Economic Perspectives, Summer 2003, 77(3), pp. 47-70.
4. Holmstrom, Bengt and Kaplan, Steven. "Corporate Governance and Takeovers in the United States: Making Sense of the 1980s and 1990s." Journal of Economic Perspectives, Spring 2001, 75(2), pp. 121-44.
5. Khurana, Rakesh. "The Curse of the Superstar CEO." Harvard Business Review, September 2002a, 80(9), pp. 60-66.
6. _. Searching for a corporate savior: The irrational quest for charismatic CEOs. Princeton, NJ: Princeton University Press, 2002b.
7. Murphy, Kevin J. and Zábojník, Ján. "Managerial Capital and the Market for CEOs." Unpublished manuscript, University of Southern California, 2003.
8. Rosen, Sherwin. "Authority, Control, and the Distribution of Earnings." Bell Journal of Economics, Autumn 1982, 75(2), pp. 311-23.