We analyze characteristics of firms that reprice their executive stock options (ESOs). We document that repricings are economically significant compensation eve

Lukas Hengartner shows that both firm complexity and managerial power are associated with higher pay levels. This suggests that top managers are paid for the co

Pt. 1. Alternative perspectives on corporate governance systems -- pt. 2. Equity ownership structure and control -- pt. 3. Corporate governance, underperformanc

The scholarly literature on executive compensation is vast. As such, this literature provides an unparalleled resource for studying the interaction between the

Does repricing of executive stock options, i.e. the practice of lowering the exercise price when options are out-of-the-money unfairly reward managers for poor