메뉴 건너뛰기




Volumn 99, Issue 5, 2009, Pages 1740-1769

Has moral hazard become a more important factor in managerial compensation?

Author keywords

[No Author keywords available]

Indexed keywords


EID: 74949129894     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.99.5.1740     Document Type: Article
Times cited : (66)

References (30)
  • 1
    • 0012465797 scopus 로고    scopus 로고
    • Executive compensation: Six questions that need answering
    • Abowd, John M., and David S. Kaplan. 1999. "Executive Compensation: Six Questions That Need Answering." Journal of Economic Perspectives, 13(4): 145-168
    • (1999) Journal of Economic Perspectives , vol.13 , Issue.4 , pp. 145-168
    • Abowd, J.M.1    Kaplan, D.S.2
  • 2
    • 0033018677 scopus 로고    scopus 로고
    • The other side of the trade-off: The impact of risk on executive compensation
    • Aggarwal, Rajesh K., and Andrew A. Samwick. 1999. "The Other Side of the Trade-Off: The Impact of Risk on Executive Compensation." Journal of Political Economy, 107(1): 65-105.
    • (1999) Journal of Political Economy , vol.107 , Issue.1 , pp. 65-105
    • Aggarwal, R.K.1    Samwick, A.A.2
  • 3
    • 0001215956 scopus 로고
    • Measuring executive compensation: Methods and an application
    • Antle, Rick, and Abbie Smith. 1985. "Measuring Executive Compensation: Methods and an Application." Journal of Accounting Research, 23(1): 296-325.
    • (1985) Journal of Accounting Research , vol.23 , Issue.1 , pp. 296-325
    • Antle, R.1    Smith, A.2
  • 4
    • 0002217405 scopus 로고
    • An empirical investigation of the relative performance evaluation of corporate executives
    • Antle, Rick, and Abbie Smith. 1986. "An Empirical Investigation of the Relative Performance Evaluation of Corporate Executives." Journal of Accounting Research, 24(1): 1-39.
    • (1986) Journal of Accounting Research , vol.24 , Issue.1 , pp. 1-39
    • Antle, R.1    Smith, A.2
  • 7
    • 84927978992 scopus 로고    scopus 로고
    • Testing contract theory: A survey of some recent work
    • M. Dewatripont, L. Hansen, and P. Turnovsky, Cambridge: Cambridge University Press
    • Chiappori, Pierre-André and Bernard Salanié. 2003. "Testing Contract Theory: A Survey of Some Recent Work." In Advances in Economics and Econometrics-Theory and Applications, Eighth World Congress, ed. M. Dewatripont, L. Hansen, and P. Turnovsky, 115-149 Cambridge: Cambridge University Press.
    • (2003) Advances in Economics and Econometrics-Theory and Applications, Eighth World Congress , pp. 115-149
    • Chiappori, P.-A.1    Salanié, B.2
  • 9
    • 44949288517 scopus 로고
    • Short-term contracts and long-term agency relationships
    • Fudenberg, Drew, Bengt Holmström, and Paul Milgrom. 1990. "Short-Term Contracts and Long-Term Agency Relationships." Journal of Economic Theory, 51(1): 1-31.
    • (1990) Journal of Economic Theory , vol.51 , Issue.1 , pp. 1-31
    • Fudenberg, D.1    Holmström, B.2    Milgrom, P.3
  • 10
    • 42149179178 scopus 로고    scopus 로고
    • Why has CEO pay increased so much?
    • Gabaix, Xavier, and Augustin Landier. 2008. "Why Has CEO Pay Increased So Much?" Quarterly Journal of Economics, 123(1): 49-100.
    • (2008) Quarterly Journal of Economics , vol.123 , Issue.1 , pp. 49-100
    • Gabaix, X.1    Landier, A.2
  • 11
    • 84937312959 scopus 로고
    • Executive compensation and principal-agent theory
    • Garen, John E. 1994. "Executive Compensation and Principal-Agent Theory." Journal of Political Economy, 102(6): 1175-1199
    • (1994) Journal of Political Economy , vol.102 , Issue.6 , pp. 1175-1199
    • Garen, J.E.1
  • 13
    • 74949128802 scopus 로고    scopus 로고
    • The paradox of insider information and performance pay
    • Forthcoming
    • Gayle, George-Levi, and Robert A. Miller. Forthcoming. "The Paradox of Insider Information and Performance Pay." CESifo Economic Studies
    • CESifo Economic Studies
    • Gayle, G.-L.1    Miller, R.A.2
  • 14
    • 0000638668 scopus 로고
    • An analysis of the principal-agent problem
    • Grossman, Sanford J., and Oliver D. Hart. 1983. "An Analysis of the Principal-Agent Problem." Econometrica, 51(1): 7-45.
    • (1983) Econometrica , vol.51 , Issue.1 , pp. 7-45
    • Grossman, S.J.1    Hart, O.D.2
  • 15
    • 0009200691 scopus 로고    scopus 로고
    • Are CEOs really paid like bureaucrats?
    • Hall, Brian J., and Jeffrey B. Liebman. 1998. "Are CEOs Really Paid Like Bureaucrats?" Quarterly Journal of Economics, 113(3): 653-691
    • (1998) Quarterly Journal of Economics , vol.113 , Issue.3 , pp. 653-691
    • Hall, B.J.1    Liebman, J.B.2
  • 16
    • 84937304812 scopus 로고
    • Risk aversion, performance pay, and the principal-agent problem
    • Haubrich, Joseph G. 1994. "Risk Aversion, Performance Pay, and the Principal-Agent Problem." Journal of Political Economy, 102(2): 258-276
    • (1994) Journal of Political Economy , vol.102 , Issue.2 , pp. 258-276
    • Haubrich, J.G.1
  • 17
    • 84936016411 scopus 로고
    • Performance pay and top-management incentives
    • Jensen, Michael C., and Kevin J. Murphy. 1990. "Performance Pay and Top-Management Incentives." Journal of Political Economy, 98(2): 225-264
    • (1990) Journal of Political Economy , vol.98 , Issue.2 , pp. 225-264
    • Jensen, M.C.1    Murphy, K.J.2
  • 18
    • 84993908989 scopus 로고
    • Top-management compensation and capital structure
    • John, Teresa A., and Kose John. 1993. "Top-Management Compensation and Capital Structure." Journal of Finance, 48(3): 949-974
    • (1993) Journal of Finance , vol.48 , Issue.3 , pp. 949-974
    • John, T.A.1    John, K.2
  • 19
    • 0002539550 scopus 로고
    • Firm Size and Executive Compensation
    • Kostiuk, Peter F. 1990. "Firm Size and Executive Compensation." Journal of Human Resources, 25(1): 90-105.
    • (1990) Journal of Human Resources , vol.25 , Issue.1 , pp. 90-105
    • Kostiuk, P.F.1
  • 22
    • 0346836855 scopus 로고    scopus 로고
    • Managerial compensation and the cost of moral Hazard
    • Margiotta, Mary M., and Robert A. Miller. 2000. "Managerial Compensation and the Cost of Moral Hazard." International Economic Review, 41(3): 669-719.
    • (2000) International Economic Review , vol.41 , Issue.3 , pp. 669-719
    • Margiotta, M.M.1    Miller, R.A.2
  • 23
    • 0000377479 scopus 로고
    • Executive motivations, earnings, and consequent equity performance
    • Masson, Robert Tempest. 1971. "Executive Motivations, Earnings, and Consequent Equity Performance." Journal of Political Economy, 79(6): 1278-1292
    • (1971) Journal of Political Economy , vol.79 , Issue.6 , pp. 1278-1292
    • Masson, R.T.1
  • 24
    • 77951519785 scopus 로고    scopus 로고
    • Executive compensation
    • ed. Orley Ashenfelter and David Card, Amsterdam: Elsevier Science, North-Holland
    • Murphy, Kevin J. 1999. "Executive Compensation." In Handbook of Labor Economics Volume 3b, ed. Orley Ashenfelter and David Card, 2485-2563. Amsterdam: Elsevier Science, North-Holland.
    • (1999) Handbook of Labor Economics Volume 3b , pp. 2485-2563
    • Murphy, K.J.1
  • 25
    • 4043139394 scopus 로고    scopus 로고
    • CEO pay and appointments: A market-based explanation for recent trends
    • Murphy, Kevin J., and Jan Zabojnik. 2004. "CEO Pay and Appointments: A Market-Based Explanation for Recent Trends." American Economic Review, 94(2): 192-196
    • (2004) American Economic Review , vol.94 , Issue.2 , pp. 192-196
    • Murphy, K.J.1    Zabojnik, J.2
  • 27
    • 0009480521 scopus 로고    scopus 로고
    • The provision of incentives in firms
    • Prendergast, Canice. 1999. "The Provision of Incentives in Firms." Journal of Economic Literature, 37(1): 7-63.
    • (1999) Journal of Economic Literature , vol.37 , Issue.1 , pp. 7-63
    • Canice, P.1
  • 29
    • 0032367390 scopus 로고    scopus 로고
    • The dependence of pay-performance sensitivity on the size of the firm
    • Schaefer, Scott. 1998. "The Dependence of Pay-Performance Sensitivity on the Size of the Firm." Review of Economics and Statistics, 80(3): 436-443
    • (1998) Review of Economics and Statistics , vol.80 , Issue.3 , pp. 436-443
    • Scott, S.1
  • 30
    • 0001534346 scopus 로고
    • Hierarchical control and optimum firm size
    • Williamson, Oliver. 1967. "Hierarchical Control and Optimum Firm Size." Journal of Political Economy, 75: 123-138
    • (1967) Journal of Political Economy , vol.75 , pp. 123-138
    • Williamson, O.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.