Superstars or Superlemons? Top Executive Pay and Corporate Acquisitions

2008 ◽  
Author(s):  
Antonio Falato
Keyword(s):  
Executive Pay ◽  
Corporate Acquisitions ◽  
Top Executive

CEO Compensation and Acquired and Acquiring Companies in Large Corporate Acquisitions

GIS Business ◽  
2016 ◽  
Vol 11 (5) ◽  
pp. 01-13
Author(s):  
Simon Yang
Keyword(s):  
Firm Performance ◽  
Executive Compensation ◽  
Ceo Compensation ◽  
Relative Sensitivity ◽  
Matched Sample ◽  
Executive Pay ◽  
Corporate Acquisitions ◽  
Acquiring Firms ◽  
Managerial Power ◽  
To Receive

This paper examines the relative sensitivity of CEO compensation of both acquiring and acquired firms in the top 30 U.S. largest corporate acquisitions in each year for the period of 2003 to 2012. We find that total compensation and bonus granted to executive compensation for acquired companies, not acquiring companies, are significantly related to the amount of acquisition deal even after the size and firm performance are controlled for. Both acquiring and acquired CEOs are found to make the significantly higher compensation than the matched sample firms in the same industry and calendar year. We also find that executives with higher managerial power, as measured by a lower salary-based compensation mix, prior to a corporate acquisition are more likely to receive a higher executive pay in the year of acquisition. The association between executive compensation and managerial power seems to be stronger for acquired firms than for acquiring firms in corporate acquisition. Overall, our findings suggest that corporate acquisition has higher impacts on executive compensation for acquired firm CEOs than for acquiring firm CEOs.

Top Executive Pay Package.

1963 ◽  
Vol 58 (304) ◽  
pp. 1174
Author(s):  
David R. Roberts ◽  
Leonard Randolph Burgess
Keyword(s):  
Executive Pay ◽  
Top Executive

Top executive pay and firm performance

1992 ◽  
Vol 6 (4) ◽  
pp. 495-501 ◽  
Author(s):  
Mark A. Wilson ◽  
Thomas I. Chacko ◽  
Charles B. Shrader ◽  
Ellen Mullen
Keyword(s):  
Firm Performance ◽  
Executive Pay ◽  
Top Executive

scholarly journals The Determination of Top Executive Pay: Importance of Human Capital Factors

1998 ◽  
Vol 23 (4) ◽  
pp. 51-62 ◽  
Author(s):  
David Laing ◽  
Charlie Weir
Keyword(s):  
Human Capital ◽  
Executive Pay ◽  
Company Directors ◽  
Top Executive

Experience, rather than qualifications, influences the pay received by company directors.

CEO Compensation and Acquired and Acquiring Companies in Large Corporate Acquisitions

GIS Business ◽  
2017 ◽  
Vol 12 (2) ◽  
pp. 01-13
Author(s):  
Simon Yang
Keyword(s):  
Firm Performance ◽  
Executive Compensation ◽  
Ceo Compensation ◽  
Relative Sensitivity ◽  
Matched Sample ◽  
Executive Pay ◽  
Corporate Acquisitions ◽  
Acquiring Firms ◽  
Managerial Power ◽  
To Receive

This paper examines the relative sensitivity of CEO compensation of both acquiring and acquired firms in the top 30 U.S. largest corporate acquisitions in each year for the period of 2003 to 2012. We find that total compensation and bonus granted to executive compensation for acquired companies, not acquiring companies, are significantly related to the amount of acquisition deal even after the size and firm performance are controlled for. Both acquiring and acquired CEOs are found to make the significantly higher compensation than the matched sample firms in the same industry and calendar year. We also find that executives with higher managerial power, as measured by a lower salary-based compensation mix, prior to a corporate acquisition are more likely to receive a higher executive pay in the year of acquisition. The association between executive compensation and managerial power seems to be stronger for acquired firms than for acquiring firms in corporate acquisition. Overall, our findings suggest that corporate acquisition has higher impacts on executive compensation for acquired firm CEOs than for acquiring firm CEOs.

Top Executive Pay Package.

1964 ◽  
Vol 79 (1) ◽  
pp. 129
Author(s):  
Daniel M. Holland ◽  
Leonard Randolph Burgess
Keyword(s):  
Executive Pay ◽  
Top Executive

Top executive pay and performance

1991 ◽  
Vol 12 (3) ◽  
pp. 219-229 ◽  
Author(s):  
Brian G. M. Main
Keyword(s):  
Executive Pay ◽  
Top Executive ◽  
And Performance
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