Working Paper

Are CEOs paid extra for riskier pay packages?

This paper quantifies the cost of CEO incentive compensation by estimating an elasticity of pay to the variance of pay. Using US CEO compensation data and a variety of empirical approaches, we find that CEOs with riskier pay packages are paid...Read more

Ana M. Albuquerque
Rui Albuquerque
Mary Ellen Carter
Qi (Flora) Dong
11 September 2020