메뉴 건너뛰기




Volumn 55, Issue 3-4, 2009, Pages 458-481

Learning from the past: Trends in executive compensation over the 20th century

Author keywords

Corporate governance; Executive compensation; Managerial incentives; Market for managers

Indexed keywords

COMPENSATION SYSTEM; COMPETITIVENESS; CONFERENCE PROCEEDING; CORPORATE STRATEGY; INCENTIVE; INCOME; LABOR MARKET; TWENTIETH CENTURY;

EID: 70849123475     PISSN: 1610241X     EISSN: None     Source Type: Journal    
DOI: 10.1093/cesifo/ifp021     Document Type: Conference Paper
Times cited : (7)

References (35)
  • 3
    • 0003846902 scopus 로고
    • The Modern Corporation and Private Property
    • New Brunswick, NJ
    • Berle, A. A. and G. C. Means (1991), The Modern Corporation and Private Property, Transaction Publishers, New Brunswick, NJ.
    • (1991) Transaction Publishers
    • Berle, A.A.1    Means, G.C.2
  • 4
    • 0039784061 scopus 로고    scopus 로고
    • Are CEOs Rewarded for Luck? The Ones Without Principals Are
    • Bertrand, M. and S. Mullainathan (2001), "Are CEOs Rewarded for Luck? The Ones Without Principals Are", Quarterly Journal of Economics 116, 901-932.
    • (2001) Quarterly Journal of Economics , vol.116 , pp. 901-932
    • Bertrand, M.1    Mullainathan, S.2
  • 5
    • 84997701232 scopus 로고    scopus 로고
    • Does the Use of Peer Groups Contribute to Higher Pay and Less Efficient Compensation?
    • Bizjak, J. M., M. Lemmon and L. Naveen (2008), "Does the Use of Peer Groups Contribute to Higher Pay and Less Efficient Compensation?" Journal of Financial Economics 90, 152-168.
    • (2008) Journal of Financial Economics , vol.90 , pp. 152-168
    • Bizjak, J.M.1    Lemmon, M.2    Naveen, L.3
  • 7
    • 58149154694 scopus 로고    scopus 로고
    • Executive Compensation and Competition in the Banking and Financial Sectors
    • Cuñat, V. and M. Guadalupe (2009a), "Executive Compensation and Competition in the Banking and Financial Sectors", Journal of Banking and Finance 33, 439-474.
    • (2009) Journal of Banking and Finance , vol.33 , pp. 439-474
    • Cuñat, V.1    Guadalupe, M.2
  • 8
    • 70849130523 scopus 로고    scopus 로고
    • Globalization and the Provision of Incentives Inside the Firm: The Effect of Foreign Competition
    • Cuñat, V. and M. Guadalupe (2009b), "Globalization and the Provision of Incentives Inside the Firm: The Effect of Foreign Competition", Journal of Labor Economics 27, 179-212.
    • (2009) Journal of Labor Economics , vol.27 , pp. 179-212
    • Cuñat, V.1    Guadalupe, M.2
  • 9
    • 0000806744 scopus 로고
    • Agency Problems and the Theory of the Firm
    • Fama, E. F. (1980), "Agency Problems and the Theory of the Firm", Journal of Political Economy 88, 288-307.
    • (1980) Journal of Political Economy , vol.88 , pp. 288-307
    • Fama, E.F.1
  • 11
    • 70849134398 scopus 로고    scopus 로고
    • Executive Compensation: A New View from a Long-Term Perspective, 1936-2005
    • NBER Working Paper No. W14145
    • Frydman, C. and R. Saks (2009), "Executive Compensation: A New View from a Long-Term Perspective, 1936-2005", NBER Working Paper No. W14145.
    • (2009)
    • Frydman, C.1    Saks, R.2
  • 15
    • 23844552986 scopus 로고    scopus 로고
    • Trends in Corporate Governance
    • Hermalin, B. E. (2005), "Trends in Corporate Governance", Journal of Finance 60, 2351-2384.
    • (2005) Journal of Finance , vol.60 , pp. 2351-2384
    • Hermalin, B.E.1
  • 16
    • 0000072575 scopus 로고
    • Executive Pay and Performance: Evidence from the U.S. Banking Industry
    • Hubbard, R. G. and D. Palia (1995), "Executive Pay and Performance: Evidence from the U.S. Banking Industry", Journal of Financial Economics 39, 105-130.
    • (1995) Journal of Financial Economics , vol.39 , pp. 105-130
    • Hubbard, R.G.1    Palia, D.2
  • 17
    • 0040331678 scopus 로고    scopus 로고
    • Internal Monitoring Mechanisms and CEO Turnover: A Long-Term Perspective
    • Huson, M. R., R. Parrino and L. T. Starks (2001), "Internal Monitoring Mechanisms and CEO Turnover: A Long-Term Perspective", Journal of Finance 56, 2265-2297.
    • (2001) Journal of Finance , vol.56 , pp. 2265-2297
    • Huson, M.R.1    Parrino, R.2    Starks, L.T.3
  • 18
    • 84993848601 scopus 로고
    • The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems
    • Jensen, M. C. (1993), "The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems", Journal of Finance 48 831-880.
    • (1993) Journal of Finance , vol.48 , pp. 831-880
    • Jensen, M.C.1
  • 20
    • 77951214240 scopus 로고    scopus 로고
    • Wall Street and Main Street: What Contributed to the Rise in the Highest Incomes?
    • forthcoming
    • Kaplan, S. N. and J. Rauh (2009), "Wall Street and Main Street: What Contributed to the Rise in the Highest Incomes?" Review of Financial Studies, forthcoming.
    • (2009) Review of Financial Studies
    • Kaplan, S.N.1    Rauh, J.2
  • 21
    • 0004312362 scopus 로고    scopus 로고
    • Searching for a Corporate Savior
    • Princeton University Press, NJ
    • Khurana, R. (2002), "Searching for a Corporate Savior", The Irrational Quest for Charismatic CEOs, Princeton University Press, NJ.
    • (2002) The Irrational Quest for Charismatic CEOs
    • Khurana, R.1
  • 24
    • 70849089278 scopus 로고    scopus 로고
    • French CEO Compensations: What is the Cost of a Mandatory Upper Limit?
    • Working Paper
    • Llense, F. (2008), "French CEO Compensations: What is the Cost of a Mandatory Upper Limit?" Working Paper, CESifo Working Paper Series No. 2402.
    • (2008) CESifo Working Paper Series , vol.2402
    • Llense, F.1
  • 25
    • 77951519785 scopus 로고    scopus 로고
    • Executive Compensation
    • O. Ashenfelter and D. Card eds, North Holland, Amsterdam, New York, pp
    • Murphy, K. J. (1999), "Executive Compensation", in O. Ashenfelter and D. Card (eds.) Handbook of Labor Economics, vol. 3B, North Holland, Amsterdam, New York, pp. 2485-2563.
    • (1999) Handbook of Labor Economics , vol.3 B , pp. 2485-2563
    • Murphy, K.J.1
  • 28
    • 0010831795 scopus 로고
    • McGraw-Hill Book Company, Inc, New York
    • Packard, V. (1962), The Pyramid Climbers, McGraw-Hill Book Company, Inc, New York.
    • (1962) The Pyramid Climbers
    • Packard, V.1
  • 29
    • 0037331911 scopus 로고    scopus 로고
    • Income Inequality in the United States: 1913-1998
    • Piketty, T. and E. Saez (2003), "Income Inequality in the United States: 1913-1998", Quarterly Journal of Economics 118, 1-39.
    • (2003) Quarterly Journal of Economics , vol.118 , pp. 1-39
    • Piketty, T.1    Saez, E.2
  • 30
    • 0000602640 scopus 로고
    • The Economics of Superstars
    • Rosen, S. (1981), "The Economics of Superstars", American Economic Review 71, 845-858.
    • (1981) American Economic Review , vol.71 , pp. 845-858
    • Rosen, S.1
  • 31
    • 0000045786 scopus 로고
    • Authority, Control and the Distribution of Earnings
    • Rosen, S. (1982), "Authority, Control and the Distribution of Earnings", Bell Journal of Economics 13, 311-323.
    • (1982) Bell Journal of Economics , vol.13 , pp. 311-323
    • Rosen, S.1
  • 33
    • 54049146543 scopus 로고    scopus 로고
    • The Difference That CEOs Make: An Assignment Model Approach
    • Tervio, M. (2009), "The Difference That CEOs Make: An Assignment Model Approach" American Economic Review 98, 642-668.
    • (2009) American Economic Review , vol.98 , pp. 642-668
    • Tervio, M.1
  • 35
    • 0030078208 scopus 로고    scopus 로고
    • Higher Market Valuation of Companies with a Small Board of Directors
    • Yermack, D. (1996), "Higher Market Valuation of Companies with a Small Board of Directors", Journal of Financial Economics 40, 185-212.
    • (1996) Journal of Financial Economics , vol.40 , pp. 185-212
    • Yermack, D.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.