The effect of competition on managers’ compensation : evidence from a quasi-natural experiment

This paper studies the effect of competition on executive compensation. We estimate the effect of increased product market competition on the performance-pay sensitivity of CEOs, and contrast it with the effect for department managers and other workers in the corporation. We use a recent reform that...

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Bibliographic Details
Main Author: Ferreira, Priscila (author)
Other Authors: Fernandes, Ana (author), Winters, L. Alan (author)
Format: workingPaper
Language:eng
Published: 2014
Subjects:
Entry deregulation
Executive compensation
Performance-related pay
Product market competition
Online Access:http://hdl.handle.net/1822/30225
Country:Portugal
Oai:oai:repositorium.sdum.uminho.pt:1822/30225

Internet

http://hdl.handle.net/1822/30225

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