EconPapers    
Economics at your fingertips  
 

The use of stock-based pay for sorting: an empirical analysis of compensation for new CEOs

Doyoung Kim ()

Applied Economics, 2010, vol. 42, issue 23, 2999-3010

Abstract: Examining stock-based compensation for newly hired CEOs, this article finds that the sensitivity of stock-based pay to performance is higher for new economy, young and volatile firms. Of the components of stock-based pay, it is option grants that generate such variation across firms. It also finds that this cross-firm variation in pay-performance sensitivity is more pronounced for the CEO's first year in office. These findings support the view that firms use stock-based pay to new CEOs for sorting.

Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/00036840801964807 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:applec:v:42:y:2010:i:23:p:2999-3010

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20

DOI: 10.1080/00036840801964807

Access Statistics for this article

Applied Economics is currently edited by Anita Phillips

More articles in Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2021-03-28
Handle: RePEc:taf:applec:v:42:y:2010:i:23:p:2999-3010