Using Global Shocks to Understand the Level and Structure of Executive Compensation
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https://www.nber.org/papers/w35004
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资源简介：
We build a model of CEO compensation that unites principal-agent and assignment models in the face of trade shocks that interact with CEO effort. The model predicts that trade shocks change CEO compensation through scale, volatility, and ability-magnification channels. Using Danish matched worker
提供机构：
美国国家经济研究局
创建时间：
2026-03-01
