Mangen, Claudine (2017) Implications of economic shocks for CEO performance evaluation. European Accounting Review, 26 (4). pp. 629-650. ISSN 0963-8180
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Official URL: https://doi.org/10.1080/09638180.2016.1175363
Abstract
I study the implications of economic shocks for objective and subjective CEO performance evaluation. A shock perturbs pay-setting parties’ information about the firm and the CEO. I argue that pay-setting parties then lack information they need for evaluating the CEO objectively, and de-emphasize objective CEO performance evaluation in favour of subjective CEO performance evaluation; over time, pay-setting parties become better informed about the firm as well as the CEO, and increasingly use again objective CEO performance evaluation. My evidence, which uses data on objective and subjective CEO performance evaluation in U.S. executive pay between 1992 and 2013, is consistent with my argument.
| Divisions: | Concordia University > John Molson School of Business > Accountancy |
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| Item Type: | Article |
| Refereed: | Yes |
| Authors: | Mangen, Claudine |
| Journal or Publication: | European Accounting Review |
| Date: | 2017 |
| Funders: |
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| Digital Object Identifier (DOI): | 10.1080/09638180.2016.1175363 |
| Keywords: | executive pay, CEo pay, economic shocks, learning, CEO performance evaluation |
| ID Code: | 986703 |
| Deposited By: | Claudine Mangen |
| Deposited On: | 16 Apr 2020 14:10 |
| Last Modified: | 16 Apr 2020 14:10 |
| Related URLs: |
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