The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Executive pay and performance Evidence from the U.S. banking industry
Open accessAbstract
This paper examines CEO pay in the banking industry and the effect of deregulating the market for corporate control. Using panel data on 147 banks over the 1980s, we find higher levels of pay in competitive corporate control markets, i.e., those in which interstate banking is permitted. We also find a stronger pay-performance relation in deregulated interstate banking markets. Finally, CEO turnover increases substantially after deregulation. These results provide evidence of a managerial talent market — one which matches the level and structure of pay with the competitiveness of the banking environment.
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Cites
The pricing of options and corporate liabilities
Black, F., & Scholes, M. (1973) · Journal of Political Economy · doi:10.1086/260062 · Cited by 29,074
Hsiao, C. (2014) · doi:10.1017/cbo9781139839327 · Cited by 7,869
Panel data and unobservable individual effects
Hausman, J., & Taylor, W. (1981) · Journal of Econometrics · doi:10.1016/0304-4076(81)90085-3 · Cited by 2,309
Cited by
Are CEOs Rewarded for Luck? The Ones Without Principals Are
Bertrand, M., & Mullainathan, S. (2001) · The Quarterly Journal of Economics · doi:10.1162/00335530152466269 · Cited by 1,740
Erkens, D. H., Hung, M., & Matos, P. (2012) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2012.01.005 · Cited by 1,202
Entrepreneurship and bank credit availability
Black, S. E., & Strahan, P. E. (2002) · The Journal of Finance · doi:10.1111/1540-6261.00513 · Cited by 1,140
Financial Accounting Information and Corporate Governance
Bushman, R. M., & Smith, A. J. (2002) · SSRN Electronic Journal · doi:10.2139/ssrn.253302 · Cited by 849
The impact of institutional ownership on corporate operating performance
Cornett, M. M., Marcus, A. J., Saunders, A., & Tehranian, H. (2007) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2006.08.006 · Cited by 760
Metadata
- Authors
- Hubbard, R. G., & Palia, D.
- Venue
- Journal of Financial Economics
- Publisher
- Elsevier BV
- Published
- 1995-09
- Volume
- 39
- Issue
- 1
- Pages
- 105-130
- ISSN
- 0304-405X (ISSN-L)
- OpenAlex
- W2127812814
- Cited by
- 491
- References
- 3
- FWCI
- 34.46
- Type
- journal article
- Language
- en
- Open access
- hybrid
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- Hubbard, R. G., & Palia, D. (1995). Executive pay and performance Evidence from the U.S. banking industry. Journal of Financial Economics. https://doi.org/10.1016/0304-405x(94)00816-j
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
