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TitleMarket competition and executive pay: increased competition affects the pay incentives firms provide to their managers and may also affect overall pay structures
Author(s)Ferreira, Priscila
KeywordsBarriers to entry
Entry costs
Performance-related pay
Executive compensation
Issue date2019
JournalIza World of Labor
Abstract(s)Deregulation and managerial compensation are two important topics on the political and academic agenda. The former has been a significant policy recommendation in light of the negative effects associated with overly restrictive regulation on markets and the economy. The latter relates to the sharp increase in top executives’ pay and the nature of the link between pay and performance. To the extent that product-market competition can affect the incentive schemes offered by firms to their executives, the analysis of the effects of competition on the structure of compensation can be informative for policy purposes.
AccessOpen access
Appears in Collections:NIMA - Artigos/Papers

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