Paying for Long-Term Performance
In the aftermath of the financial crisis, regulators, firms, and investors are seeking to put in place executive pay arrangements that avoid rewarding executives for short-term gains that do not reflect long-term performance. This Article seeks to contribute to these efforts by analyzing how pay arrangements can and should best be tied to long-term performance. Our analysis focuses on equity-based compensation, the most important component of executive pay arrangements.
Previous ArticleLying and Getting Caught: An Empirical Study of the Effect of Securities Class Action Settlements on Targeted Firms
Lynn Bai, James D. Cox, & Randall S. Thomas
Jill E. Fisch