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References for Market competition and executive pay
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Further reading
- Fernandes, A., Ferreira, P., Winters, L. A. "Firm entry deregulation, competition and returns to education and skill" European Economic Review 70 (2014): 210–230.
- Murphy, K. "Executive compensation: Where we are, and how we got there" In: Constantinides, G. M., Harris, M., Stulz, R. M. (eds). Handbook of the Economics of Finance, Vol. 2 (Part A). Amsterdam: Elsevier, 2013.
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Key references
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Raith, M. "Competition, risk
and managerial incentives" American Economic
Review 93 (2003): 1425–1436. Key reference: [1]
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Fernandes, A., Ferreira, P., Winters, L. A. The Effect of
Competition on Managers’ Compensation: Evidence from a
Quasi-Natural Experiment NIMA Working
Paper No.57, 2014-07. Key reference: [2]
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Vives, X. "Innovation and
competitive pressure" The Journal of
Industrial Economics 56:3 (2008): 419–469. Key reference: [3]
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Schmidt, K. M. "Managerial
incentives and product market competition" Review of Economic
Studies 64:2 (1997): 191–213. Key reference: [4]
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Hermalin, B. "The effects of
competition on executive behavior" RAND Journal of
Economics 23:3 (1992): 350–365. Key reference: [5]
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Scharfstein, D. "Product-market
competition and managerial slack" RAND Journal of
Economics 19:1 (1988): 147–155. Key reference: [6]
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Hart, O. "The market
mechanism as an incentive scheme" The Bell Journal
of Economics 14:2 (1983): 366–382. Key reference: [7]
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Cuñat, V., Guadalupe, M. "How does product
market competition shape incentive contracts?" Journal of the
European Economic Association 3:5 (2005): 1058–1082. Key reference: [8]
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Cuñat, V., Guadalupe, M. "Globalization and
the provision of incentives inside the firm: The effect of
foreign competition" Journal of Labor
Economics 27:2 (2009): 179–212. Key reference: [9]
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Crawford, A. J., Ezell, J. R., Miles, J. R. "Bank CEO
pay-performance relations and the effects of
deregulation" Journal of
Business 68:2 (1995): 231–256. Key reference: [10]
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Hubbard, G. R., Palia, D. "Executive pay and
performance: Evidence from the US banking industry" Journal of
Financial Economics 38 (1995): 105–130. Key reference: [11]
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Cuñat, V., Guadalupe, M. "Executive
compensation and competition in the banking and financial
sectors" Journal of Banking
and Finance 33 (2009): 495–504. Key reference: [12]
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Raith, M. "Competition, risk
and managerial incentives" American Economic
Review 93 (2003): 1425–1436.