CEO Pay and Appointments: A Market-Based Explanation for Recent Trends

By Kevin J. Murphy, Ján Zábojník. 2004

646 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/714484bf659ae097c07114c63ea385348753fc94

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Citations in the corpus

Globalization and the Provision of Incentives inside the Firm: The Effect of Foreign Competition (2009, neutral): “Frydman (2005) and Murphy et al. (2004) argue that the increase in CEO pay reflects an increase in the demand for general skills.”
CEO Turnover in a Competitive Assignment Framework (2013, neutral): “For example, Murphy and Zabojnik (2004), Murphy and Zabojnik (2007) and Frydman (2005) have used the hypothesis that general managerial skills have increased in importance relative to firm-specific skills to understand the rise in CEO pay over time.”
Minding the Gap (2016, background): “Pay dispersion is operationalized as a theoretically prescribed ratio (Firebaugh & Gibbs, 1985), and this particular ratio has taken a prominent place in academic discussion (Bogle, 2008; Charness & Kuhn, 2007; Murphy & Zabojnik, 2004; Nichols & Subramaniam, 2001).”
CEO Pay and Firm Size: an Update after the Crisis (2013, neutral): “Others argue that the very function of CEOs has changed over time: they are now more often poached from outside firms than before (Murphy and Zabojnik, 2004; Frydman, 2005); shareholders have become more convinced of the importance of financial incentives (Jensen et al., 2004).”
Why Has CEO Pay Increased so Much (2008, neutral): “Frydman (2005) and Murphy and Zabojnik (2004) provide evidence that CEO jobs have increasingly placed a greater emphasis on general rather than firm-specific skills.”
The Firm Size Distribution Across Countries and Skill-Biased Change in Entrepreneurial Technology (2018, background): “by Parker and Vissing-Jørgensen (2010) in a different context.”
Executive Compensation: A Survey of Theory and Evidence (2017, neutral): “Nagel (2010) raises sample selection and methodological concerns.”