Growth through Rigidity: An Explanation for the Rise in CEO Pay
收藏NBER2016-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w21975
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资源简介：
The dramatic rise in CEO compensation during the 1990s and early 2000s is a longstanding puzzle. In this paper, we show that much of the rise can be explained by a tendency of firms to grant the same number of options each year. Number-rigidity implies that the grant-date value of option awards will
提供机构：
美国国家经济研究局
创建时间：
2016-02-01
