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How to Avoid Compensating the CEO for Luck: The Case of Macroeconomic Fluctuations

In: Research Handbook on Executive Pay

Author

Listed:
  • Lars Oxelheim
  • Clas Wihlborg
  • Jianhua Zhang

Abstract

Research on executive compensation has exploded in recent years, and this volume of specially commissioned essays brings the reader up-to-date on all of the latest developments in the field. Leading corporate governance scholars from a range of countries set out their views on four main areas of executive compensation: the history and theory of executive compensation, the structure of executive pay, corporate governance and executive compensation, and international perspectives on executive pay.

Suggested Citation

  • Lars Oxelheim & Clas Wihlborg & Jianhua Zhang, 2012. "How to Avoid Compensating the CEO for Luck: The Case of Macroeconomic Fluctuations," Chapters, in: Research Handbook on Executive Pay, chapter 8, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14108_8
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    File URL: https://www.elgaronline.com/view/9781849803960.00015.xml
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    Cited by:

    1. Oxelheim, Lars, 2019. "Optimal vs satisfactory transparency: The impact of global macroeconomic fluctuations on corporate competitiveness," International Business Review, Elsevier, vol. 28(1), pages 190-206.

    More about this item

    Keywords

    Business and Management; Law - Academic;

    JEL classification:

    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects

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