CEO Bonus Plans: And How to Fix Them

2011 ◽  
Author(s):  
Kevin J. Murphy ◽  
Michael C. Jensen
Keyword(s):  
Bonus Plans ◽  
Ceo Bonus

scholarly journals Corporate Philanthropy and Risk Management: An Investigation of Reinsurance and Charitable Giving in Insurance Firms

2016 ◽  
Vol 27 (1) ◽  
pp. 1-37 ◽  
Author(s):  
Mike Adams ◽  
Stefan Hoejmose ◽  
Zafeira Kastrinaki
Keyword(s):  
Charitable Giving ◽  
Corporate Philanthropy ◽  
Insurance Industry ◽  
Chief Executive ◽  
Inside Ownership ◽  
Corporate Giving ◽  
Life Insurance Industry ◽  
Board Level ◽  
Bonus Plans ◽  
Ceo Bonus

ABSTRACT:Drawing a framework from strategic stakeholder theory and using 1999 to 2010 panel data from the United Kingdom’s (UK) non-life insurance industry, we examine the effect of reinsurance on the decisions to donate to charities, and the amount given. We find that reinsurance substitutes for charitable giving as it optimizes the interests of multiple stakeholders. We further note that corporate giving is directly related to the size and age of insurers, proportion of female directorships and insider ownership, but generally inhibited by chief executive officer (CEO) bonus plans, dominant shareholders, and financial experts on the board. Interestingly, when reinsurance interacts with board-level variables we find that the donations decision is positively related to CEO bonus plans, and negatively linked with inside ownership and the proportion of female board members. Our research results could have important implications for stakeholders.

Cost Shielding in Executive Bonus Plans

2020 ◽  
Author(s):  
Matthew J. Bloomfield ◽  
Brandon Gipper ◽  
John Kepler ◽  
David Tsui
Keyword(s):  
Bonus Plans

scholarly journals Employment Horizon and the Choice of Performance Measures: Empirical Evidence from Annual Bonus Plans of Loss-Making Entities

2009 ◽  
Vol 55 (6) ◽  
pp. 890-905 ◽  
Author(s):  
Michal Matějka ◽  
Kenneth A. Merchant ◽  
Wim A. Van der Stede
Keyword(s):  
Empirical Evidence ◽  
Performance Measures ◽  
Bonus Plans

Additional evidence on bonus plans and income management

1995 ◽  
Vol 19 (1) ◽  
pp. 3-28 ◽  
Author(s):  
Jennifer J. Gaver ◽  
Kenneth M. Gaver ◽  
Jeffrey R. Austin
Keyword(s):  
Bonus Plans

Accounting fundamentals and CEO bonus compensation

2008 ◽  
Vol 27 (5) ◽  
pp. 374-393 ◽  
Author(s):  
Scott B. Jackson ◽  
Thomas J. Lopez ◽  
Austin L. Reitenga
Keyword(s):  
Ceo Bonus
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