Shoot the Arrow, Then Paint the Target: CEO Compensation and Institutional Shareholder Services Benchmarking

We document that firms that expect their CEOs’ compensation to exceed the median CEO compensation of their Institutional Shareholder Services (ISS) peers influence ISS to revise these peer sets. Controlling for changes in firm characteristics that ISS uses to select peers, we find that ISS applies a...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Journal of financial and quantitative analysis 2023-11, Vol.58 (7), p.3121-3152
Hauptverfasser:	Iyer, Subramanian R., Palmon, Oded, Sankaran, Harikumar
Format:	Artikel
Sprache:	eng
Schlagworte:	Chief executives Companies Compensation Compensation plans Employee turnover Executive compensation Financial management Influence Peers Quantitative analysis Shareholder voting Stockholders
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!