The DOI matches its Crossref record.
Industry Tournament Incentives
Abstract
We empirically assess industry tournament incentives for CEOs, as measured by the compensation gap between a CEO at one firm and the highest-paid CEO among similar (industry, size) firms.We find that firm performance, firm risk, and the riskiness of firm investment and financial policies are positively associated with the external industry pay gap.The industry tournament effects are stronger when industry, firm, and executive characteristics indicate high CEO mobility and a higher probability of the aspirant executive winning.
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Citations
Cited by
Common Ownership, Competition, and Top Management Incentives
Anton, M., Ederer, F., Gine, M., & Schmalz, M. C. (2016) · doi:10.2139/ssrn.2802332 · Cited by 150
Metadata
- Authors
- Coles, J. L., Li, Z. (., & Wang, A. Y.
- Venue
- The Review of Financial Studies
- Publisher
- Oxford University Press (OUP)
- Published
- 2017-07-27
- Volume
- 31
- Issue
- 4
- Pages
- 1418-1459
- ISSN
- 0893-9454 (ISSN-L)
- 1465-7368
- OpenAlex
- W3121133695
- Cited by
- 245
- References
- 0
- FWCI
- 72.70
- Type
- journal article
- Language
- en
- Open access
- closed
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- Coles, J. L., Li, Z. (., & Wang, A. Y. (2018). Industry Tournament Incentives. The Review of Financial Studies. https://doi.org/10.1093/rfs/hhx064
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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.
