Series:
Finance
The Pay Divide: (Why) Are U.S. Top Executives Paid More?
The Pay Divide: (Why) Are U.S. Top Executives Paid More?
Series number :
Serial Number:
255/2009
The Pay Divide: (Why) Are U.S. Top Executives Paid More?
Professor
Real name:
Kevin Murphy
University of Southern California
Related Working Paper
Featured Working Papers
Uncertainty, Access to Debt, and Firm Precautionary Behavior
Better access to debt markets mitigates the effects of uncertainty on corporate policies. We establish this result using the staggered introduction of anti-recharacterization laws in U.S. states. These laws enhanced firms’ ability to borrow by...Read more
Accounting and Convergence in Corporate Governance: Doctrinal or Economic Path Dependence?
Convergence in corporate governance has been debated for more than 20 years. This paper seeks to explain convergence – and the lack thereof – in accounting laws and standards, within the context of this debate. One could argue about whether...Read more
Restricting CEO Pay Backfires: Evidence from China
Using the pay restriction imposed on CEOs of centrally administered state-owned enterprises (CSOEs) in China in 2009, we study the effects of limiting CEO pay. Compared with CEOs of firms not subject to the restriction, the CEOs of CSOEs...Read more
Codetermination: A Poor Fit for U.S. Corporations
The idea that a corporation’s employees should be allowed to elect some of the corporation’s board members, a system known as codetermination, has moved to the forefront of U.S. corporate law policy. Elizabeth Warren’s Accountable Capitalism Act...Read more