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https://hdl.handle.net/1822/45546
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Campo DC | Valor | Idioma |
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dc.contributor.author | Fernandes, Ana P. | por |
dc.contributor.author | Ferreira, Priscila | por |
dc.contributor.author | Winters, L. Alan | por |
dc.date.accessioned | 2017-05-08T13:22:20Z | - |
dc.date.issued | 2018 | - |
dc.identifier.issn | 0022-166X | por |
dc.identifier.uri | https://hdl.handle.net/1822/45546 | - |
dc.description.abstract | This paper studies the effect of increased product market competition on executive compensation and incentives. We use a reform that simplified firm entry regulation in Portugal as a quasi-natural experiment, and exploit its staggered implementation across municipalities for identification. Using employer-employee data, we find that increased competition following the reform raised total pay but reduced the sensitivity of pay to firm performance. This is consistent with theoretical results showing that a fall in entry costs weakens managerial incentive provision. Entry deregulation also increased performance-induced CEO turnover and firms’ probability of exit, suggesting that competition provides direct incentives for managerial effort. | por |
dc.description.sponsorship | The research was partially funded by Fundação para a Ciência e a Tecnologia through the Applied Microeconomics Research Unit [NIMA], award no. PEst-OE/EGE/UI3181/2014. | por |
dc.language.iso | eng | por |
dc.publisher | University of Wisconsin Press | por |
dc.relation | info:eu-repo/grantAgreement/FCT/5876/135915/PT | por |
dc.rights | restrictedAccess | por |
dc.subject | Entry Deregulation | por |
dc.subject | Product Market Competition | por |
dc.subject | Executive Compensation | por |
dc.subject | Managerial Incentives | por |
dc.subject | Performance-related Pay | por |
dc.title | The effect of competition on executive compensation and incentives: Evidence from a quasi-natural experiment | por |
dc.type | article | por |
dc.peerreviewed | yes | por |
oaire.citationStartPage | 0215-6963R1 | por |
oaire.citationEndPage | 824 | por |
oaire.citationIssue | 3 | por |
oaire.citationTitle | Journal of Human Resources | por |
oaire.citationVolume | 53 | por |
dc.identifier.eissn | 1548-8004 | por |
dc.identifier.doi | 10.3368/jhr.53.3.0215-6963R1 | por |
dc.subject.fos | Ciências Sociais::Economia e Gestão | por |
dc.description.publicationversion | info:eu-repo/semantics/acceptedVersion | por |
dc.subject.wos | Social Sciences | por |
sdum.journal | Journal of Human Resources | por |
Aparece nas coleções: | NIMA - Artigos/Papers |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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Fernandes_JHR_manuscript_5811.pdf Acesso restrito! | 303,6 kB | Adobe PDF | Ver/Abrir |