Year: 2024
Type: article
Abstract: I investigate the impact of being identified on AFL-CIO executive paywatch on future CEO compensation. I find that publication of CEO compensation has negative impact on the change of CEO compensation. Moreover, I find that the ex-ante excessive CEO compensation reduces the change of CEO compensation. This paper contributes to the literature in the part of documenting that firms respond to negative press coverage on CEO compensation even after controlling for the mean reversion of high CEO compensation.
Source: Journal of global awareness
DOI: 10.24073/jga/5/02/09
Author: Xin Zhao
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
Funder: Temple University
OpenAlex ID: W4405803598