Why Has CEO Pay Increased so Much

By Xavier Gabaix, A. Landier. 2008

2,084 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/4a24ae75a74e8d74dd6493f6ccd0f909577ef1aa

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Economics and Econometrics

Citations in the corpus

Matching Firms, Managers, and Incentives (2015, neutral): “…findings provide consistent evidence that incentives are an important determinant of the match between firms and workers at all levels of the hierarchy.6 An important determinant of matching patterns, explored by Gabaix and Landier ð2008Þ and Terviö ð2008Þ, is firm heterogeneity in terms of size.”
Firm Size Distortions and the Productivity Distribution: Evidence from France (2013, positive): “Empirically, this technology has been used to explain a wide-range of phenomena, most recently to calibrate the impact of scale of operations e¤ects on CEO wages (Gabaix and Landier, 2008).”
Why Has House Price Dispersion Gone Up (2010, positive): “Recent application of his assignment model to other markets are Gabaix and Landier (2008), Tervio (2008), and Costinot and Vogel (2008).”
Do Analysts Matter for Governance? Evidence from Natural Experiments (2015, methodology): “[Table 5 here] Based on the talent assignment model by Gabaix and Landier (2008), we also construct a measure of CEO excess compensation, defined as the residuals from the OLS regression of the natural logarithm of CEO total compensation on the natural logarithm of firms’ total market value, as…”
Lost in Translation? The Effect of Cultural Values on Mergers Around the World (2015, neutral): “This variables has also been used in prior research, including Guiso, Sapienza, and Zingales (2003) and Gabaix and Landier (2008).”
Board compensation and ownership structure: empirical evidence for Italian listed companies (2011, background): “Rosen (1982) predicts that larger firms require more talented and more costly management; Baker et al. (1988) document that larger firms, in terms of net sales, pay executives more, although Murphy (1999) shows that the explanatory power of firm sales has declined over time; on the contrary, Gabaix”
Executive Compensation: A New View from a Long-Term Perspective, 1936-2005 (2010, background): “This framework seems promising because recent decades have experienced large increases in both the level of pay and the value of publicly-traded firms (Hall and Murphy 2003, Bebchuk and Grinstein 2005, Gabaix and Landier 2008).”
The Firm Size Distribution Across Countries and Skill-Biased Change in Entrepreneurial Technology (2018, methodology): “5Important references include Garicano (2000), Gabaix and Landier (2008) and Terviö (2008).”
A Supply and Demand Framework for Two-Sided Matching Markets (2016, positive): “…educational attainment, changes in chief executive officer wages, and the relationship between the distribution of talent and international trade (see Grossman 2004; Gabaix and Landier 2008; Terviö 2008; Chiappori, Iyigun, andWeiss 2009;Galichon,Kominers, and Weber 2016; Bojilov and Galichon 2016).”