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Cited by 356

The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.

Pay, Performance, and Turnover of Bank CEOs

Barro, Jason R., Barro, Robert J.·1990·Journal of Labor Economics

Abstract

A new data set covers chief executive officers (CEOs) of large commercial banks over the period 1982-87. For newly hired CEOs, the elasticity of pay with respect to assets is about one-third. For continuing CEOs, the change in compensation depends on performance, as measured by stock and accounting returns. The sensitivity of pay to performance diminishes with experience, but the returns are not filtered for peer-group returns. Logit regressions relate the probability of CEO departure to age and performance, as measured by stock returns filtered for peer-group returns; CEO experience does not influence this relationship.

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Metadata

Authors
Barro, J. R., & Barro, R. J.
Venue
Journal of Labor Economics
Published
1990-10
Volume
8
Issue
4
Pages
448-481
ISSN
  • 0734-306X (ISSN-L)
  • 1537-5307
OpenAlex
W2039093723
Cited by
356
References
1
FWCI
5.64
Type
journal article
Language
en
Open access
closed

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