The study provides important insights to shareholders on how to encourage CEOs to get their firms to invest, and on how to view CEO pay increases after their firms invest.
We thank Matt Billett, Jon Garfinkel, Erik Lie, Dave Mauer, John McInnis, Ashish Tiwari, and Anand Vijh for helpful comments and suggestions. We also thank seminar participants at University of Iowa, SUNY-Buffalo, Penn State – Great valley, University of New Hampshire, University of Texas at El Paso, and Marquette University. All errors are our responsibility.
Jiang, Z., Kim, K. and Zhang, Y. (2014), "The Increase in CEO Pay After Large Investments: Is it Purely Rent Extraction?", Advances in Financial Economics (Advances in Financial Economics, Vol. 16), Emerald Group Publishing Limited, pp. 1-44. https://doi.org/10.1108/S1569-3732(2013)0000016001Download as .RIS
Emerald Group Publishing Limited
Copyright © 2013 Emerald Group Publishing Limited