Cited by 993Corporate Finance and GovernanceCorporate Governance and Financial ManagementAuditing, Earnings Management, Governance

The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.

The CEO pay slice

Open access
Bebchuk, Lucian A., Cremers, K.J. Martijn, Peyer, Urs C.·2011·Journal of Financial Economics

Overview

Integrity signals

Registry

Crossref · 10.1016/j.jfineco.2011.05.006

Cites

3 of 3 references verified0 citation errors · 0 not checkable

Statistics

Recomputing p-values needs the paper’s full text.

Verification

Claims the paper makes

We couldn’t retrieve this paper’s full text, so its claims and self-check weren’t run. The registry and citation checks still apply.

Claims other papers make about this one

Each is checked against this paper’s own text: does it say what the citing paper says it does?

  • CPS represents CEO power, which has been found to have a negative effect on the monitoring power of boards, accounting profitability and stock returns.

    “Also, the CPS represents CEO power, which has been found to have a negative effect on the monitoring power of boards (Pathan 2009), accounting profitability and stock returns (Bebchuk et al. 2011).”

    From Bank failure prediction: corporate governance and financial indicators (2023) · cites this paper as Bebchuk et al. 2011

Citations

Cites

Flagged first, then by citations

Research works printed but not linked: 43

  1. Adams, 2005, Powerful CEOs and their impact on corporate performance, Review of Financial Studies, 18, 1403, 10.1093/rfs/hhi030 · DOI
  2. Aggarwal, 2003, Performance incentives within firms: the effect of managerial responsibility, Journal of Finance, 58, 1613, 10.1111/1540-6261.00579 · DOI
  3. Amit, 2006, How do family ownership, control and management affect firm value?, Journal of Financial Economics, 80, 385, 10.1016/j.jfineco.2004.12.005 · DOI
  4. Bainbridge, 2002, Why a board? Group decision making in corporate governance, Vanderbilt Law Review, 55, 1
  5. Bebchuk, 2005, The cost of entrenched boards, Journal of Financial Economics, 78, 409, 10.1016/j.jfineco.2004.12.006 · DOI · Paper page
  6. Bebchuk, L.A., Cremers, M., Peyer, U., 2007. CEO centrality. Discussion paper no. 13701. National Bureau of Economic Research, Cambridge, MA. · DOI
  7. Bebchuk, 2005, The growth in executive pay, Oxford Review of Economic Policy, 21, 283, 10.1093/oxrep/gri017 · DOI
  8. Bebchuk, 2010, Lucky CEOs and lucky directors, Journal of Finance, 65, 2363, 10.1111/j.1540-6261.2010.01618.x · DOI
  9. Bertrand, 2003, Managing with style: the effect of managers on firm policies, Quarterly Journal of Economics, 118, 1169, 10.1162/003355303322552775 · DOI
  10. Bizjak, 2009, Option backdating and board interlocks, Review of Financial Studies, 22, 4821, 10.1093/rfs/hhn120 · DOI
  11. Brill, 1993, Stock ownership guidelines for executives, Corporate Executive, 381
  12. Chang, 2010, CEO ability, pay, and firm performance, Management Science, 56, 1633, 10.1287/mnsc.1100.1205 · DOI
  13. Cook, 1990, How much stock should management own?, Compensation and Benefits Review, 20, 10.1177/088636879002200503 · DOI
  14. Cremers, 2005, Governance mechanisms and equity prices, Journal of Finance, 60, 2859, 10.1111/j.1540-6261.2005.00819.x · DOI · Paper page
  15. Demsetz, 1985, The structure of corporate ownership: causes and consequences, Journal of Political Economy, 93, 1155, 10.1086/261354 · DOI
  16. Dlugosz, 2006, Large blocks of stock: prevalence, size, and measurement, Journal of Corporate Finance, 12, 594, 10.1016/j.jcorpfin.2005.04.002 · DOI
  17. Frydman, 2010, Executive compensation: a new view from a long-run perspective, Review of Financial Studies, 23, 2099, 10.1093/rfs/hhp120 · DOI
  18. Hayward, 1997, Explaining the premiums paid for large acquisitions: evidence of CEO hubris, Administrative Science Quarterly, 42, 103, 10.2307/2393810 · DOI
  19. Heron, 2009, What fraction of stock option grants to top executives have been backdated or manipulated?, Management Science, 55, 513, 10.1287/mnsc.1080.0958 · DOI
  20. Jenter, D., Kanaan F., 2006. CEO Turnover and Relative Performance Evaluation, Unpublished working paper. MIT Sloan School of Management, Cambridge, MA. · DOI
  21. Kale, 2009, Rank order tournament and incentive alignment: the effect on firm performance, Journal of Finance, 64, 1479, 10.1111/j.1540-6261.2009.01470.x · DOI
  22. Kaplan, S.N., Minton, B., 2006. How has CEO turnover changed? Increasingly performance sensitive boards and increasingly uneasy CEOs. Unpublished working paper 12465. National Bureau of Economic Research, Cambridge, MA. · DOI
  23. Kaplan, 1997, Do investment-cash flow sensitivities provide useful measures of financing constraints?, Quarterly Journal of Economics, 112, 169, 10.1162/003355397555163 · DOI
  24. Lang, 1994, Tobin's q, corporate diversification, and firm performance, Journal of Political Economy, 102, 1248, 10.1086/261970 · DOI
  25. Lang, 1991, A test of the free cash flow hypothesis: the case of bidder returns, Journal of Financial Economics, 29, 315, 10.1016/0304-405X(91)90005-5 · DOI
  26. Lie, 2005, On the timing of CEO stock option awards, Management Science, 51, 802, 10.1287/mnsc.1050.0365 · DOI
  27. Malmendier, 2009, Superstar CEOs, Quarterly Journal of Economics, 124, 1593, 10.1162/qjec.2009.124.4.1593 · DOI
  28. Masulis, 2007, Corporate governance and acquirer returns, Journal of Finance, 62, 1851, 10.1111/j.1540-6261.2007.01259.x · DOI
  29. McConnell, 1990, Additional evidence on equity ownership and corporate value, Journal of Financial Economics, 27, 595, 10.1016/0304-405X(90)90069-C · DOI
  30. Moeller, 2005, Wealth destruction on a massive scale? A study of acquiring-firm returns in the recent merger wave, Journal of Finance, 60, 757, 10.1111/j.1540-6261.2005.00745.x · DOI
  31. Morck, 1988, Management ownership and market valuation: an empirical analysis, Journal of Financial Economics, 20, 293, 10.1016/0304-405X(88)90048-7 · DOI
  32. Morck, 1989, Alternative mechanisms for corporate control, American Economic Review, 7, 842
  33. Morck, 1990, Do managerial objectives drive bad acquisitions?, Journal of Finance, 45, 31, 10.2307/2328808 · DOI
  34. Murphy, 1999, Executive compensation, vol. 3b, 2485
  35. Murphy, 2002, Explaining executive compensation: managerial power versus the perceived cost of stock options, University of Chicago Law Review, 69, 847, 10.2307/1600633 · DOI
  36. Murphy, K.J., Zabojnik, J., 2007. Managerial capital and the market for CEOs. Unpublished working paper. University of Southern California, Los Angeles, CA. · DOI
  37. Parrino, 1997, CEO turnover and outside succession. A cross-sectional analysis, Journal of Financial Economics, 46, 165, 10.1016/S0304-405X(97)00028-7 · DOI
  38. Powers, 2005, Interpreting logit regressions with interaction terms: an application to the management turnover literature, Journal of Corporate Finance, 11, 504, 10.1016/j.jcorpfin.2004.08.003 · DOI
  39. Raheja, 2005, Determinants of board size and composition: a theory of corporate boards, Journal of Financial and Quantitative Analysis, 40, 283, 10.1017/S0022109000002313 · DOI
  40. Shaw, 1932, A comparison of individual and small groups in the rational solution of complex problems, American Journal of Psychology, 44, 491, 10.2307/1415351 · DOI
  41. Shin, H., Stulz, R.M., 2000. Firm value, risk, and growth opportunities. Unpublished working paper 7808. National Bureau of Economic Research, Cambridge, MA. · DOI
  42. Yermack, 1996, Higher market valuation for firms with a small board of directors, Journal of Financial Economics, 40, 185, 10.1016/0304-405X(95)00844-5 · DOI
  43. Yermack, 1997, Good timing: CEO stock option awards and company news announcements, Journal of Finance, 52, 449, 10.2307/2329486 · DOI

Cited by

Sorted by citations

Metadata

Authors
Bebchuk, L. A., Cremers, K. J. M., & Peyer, U. C.
Affiliations
National Bureau of Economic Research (US)
Corresponding author
Peyer, Urs C.
Venue
Journal of Financial Economics
Publisher
Elsevier BV
Published
2011-10
Volume
102
Issue
1
Pages
199-221
ISSN
0304-405X (ISSN-L)
OpenAlex
W3124807495
Cited by
993
References
3
Citations by year
2026: 88 · 2025: 88 · 2024: 78 · 2023: 70 · 2022: 78 · 2021: 89 · 2020: 77 · 2019: 69 · 2018: 71 · 2017: 58 · 2016: 46 · 2015: 34 · 2014: 54 · 2013: 33 · 2012: 37
FWCI
148.27
Type
journal article
Language
en
Open access
Locations
  • Journal of Financial Economics (publishedVersion)
  • SSRN Electronic Journal (acceptedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Finance › Corporate Finance and Governance
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Corporate Governance and Financial Management
  • Social Sciences › Business, Management and Accounting › Accounting › Auditing, Earnings Management, Governance
Keywords
CEO pay slice, executive compensation, CEO turnover, principal-agent problem, rent extraction, firm value, Tobin's Q, accounting profitability, option grants, proxy statements

About these checks

Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Statistics and arithmetic are recomputed, not judged.

Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.

What counts as a claim ›How we measure confidence ›How we check this ›

Are you an author, or do you see a problem with this page? Request a review