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Executive Compensation

by Kevin J. Murphy , 1999
"... This paper summarizes the empirical and theoretical research on executive compensation and provides a comprehensive and up-to-date description of pay practices (and trends in pay practices) for chief executive officers (CEOs). Topics discussed include the level and structure of CEO pay (including de ..."
Abstract - Cited by 625 (17 self) - Add to MetaCart
This paper summarizes the empirical and theoretical research on executive compensation and provides a comprehensive and up-to-date description of pay practices (and trends in pay practices) for chief executive officers (CEOs). Topics discussed include the level and structure of CEO pay (including

Firm-Wide Versus Establishment-Specific Pay Practices *

by David S. Kaplan, Centro De Investigación Económica, Brooks Pierce , 2000
"... Statistics. The opinions expressed in this paper reflect the views of the authors, and do not reflect the policies of the Bureau of Labor Statistics or the views of other staff members. We gratefully acknowledge Although much has been learned about the role firms play in the labor market, whether es ..."
Abstract - Cited by 2 (0 self) - Add to MetaCart
establishments within the same firm adopt similar labor-market practices is an open question. This question is particularly relevant for firms with establishments in different locales and industries. For example, a finding that wages within a firm have a common component across unrelated workers and industries

Globalization and Executive Compensation: An Analysis of Pay Practices in U.K. Companies *

by Joseph J. Gerakos, Joseph D. Piotroski, Suraj Srinivasan , 2009
"... Please do not circulate without permission ..."
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Please do not circulate without permission

Explaining the Association between Monitoring and Controversial CEO Pay Practices: an Optimal Contracting Perspective

by We Thank Marco Becht, Vicente Cunat, Ingolf Dittmann, Alex Edmans, Robert Gibbons, Sergei Kovbasyuk, Paul Oyer, Nicola Persico, Pierre Chaigneau, Nicolas Sahuguet , 2014
"... Puzzling associations between low levels of ownership concentration and CEO pay practices such as pay-for-luck, a low pay-performance sensitivity, a more asymmetric pay-performance relation, and high salaries, have been documented. They have been interpreted as evidence that CEO pay is not set optim ..."
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Puzzling associations between low levels of ownership concentration and CEO pay practices such as pay-for-luck, a low pay-performance sensitivity, a more asymmetric pay-performance relation, and high salaries, have been documented. They have been interpreted as evidence that CEO pay is not set

Dividend Paying Practices in the Non-Financial Sector of Pakistan: An Empirical Evidence from Karachi Stock Exchange

by M. Azeem Muzammil Khurshid
"... The study intends to investigate the dividend paying practices in the non-financial sectors of the Karachi Stock Exchange. All the dividend paying sectors of the Karachi Stock Exchange were probed into for the period 2002-2008. A well developed mixture of six variables along with the descriptive sta ..."
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The study intends to investigate the dividend paying practices in the non-financial sectors of the Karachi Stock Exchange. All the dividend paying sectors of the Karachi Stock Exchange were probed into for the period 2002-2008. A well developed mixture of six variables along with the descriptive

The effect of monitoring on CEO pay practices in a matching equilibrium Pierre Chaigneau† HEC Montreal

by Nicolas Sahuguet, Sergei Kovbasyuk, Patrick Legros, Paul Oyer, Nicola Persico, Luke Taylor, Lucy White , 2014
"... We present a model of efficient contracting with endogenous matching and limited monitoring in which firms compete for CEOs. Firms with greater owner-ship concentration have a higher monitoring capacity, and can better handle the downside risk of hiring CEOs with more uncertain ability. The model ex ..."
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explains that CEOs in firms with a lower monitoring capacity have higher salaries, more pay-for-luck, and a lower sensitivity of pay to performance, thereby responding to some fundamental arguments of the managerial power perspective. Moreover, improvements in the monitoring capacity of the worst firms

Forecasting the term structure of government bond yields

by Francis X. Diebold, Canlin Li - Journal of Econometrics , 2006
"... Despite powerful advances in yield curve modeling in the last twenty years, comparatively little attention has been paid to the key practical problem of forecasting the yield curve. In this paper we do so. We use neither the no-arbitrage approach, which focuses on accurately fitting the cross sectio ..."
Abstract - Cited by 287 (16 self) - Add to MetaCart
Despite powerful advances in yield curve modeling in the last twenty years, comparatively little attention has been paid to the key practical problem of forecasting the yield curve. In this paper we do so. We use neither the no-arbitrage approach, which focuses on accurately fitting the cross

Improved Inference for Unlexicalized Parsing

by Slav Petrov, Dan Klein , 2007
"... We present several improvements to unlexicalized parsing with hierarchically state-split PCFGs. First, we present a novel coarse-to-fine method in which a grammar’s own hierarchical projections are used for incremental pruning, including a method for efficiently computing projections of a grammar wi ..."
Abstract - Cited by 255 (29 self) - Add to MetaCart
without a treebank. In our experiments, hierarchical pruning greatly accelerates parsing with no loss in empirical accuracy. Second, we compare various inference procedures for state-split PCFGs from the standpoint of risk minimization, paying particular attention to their practical tradeoffs. Finally, we

Cayenne -- a Language With Dependent Types

by Lennart Augustsson - IN INTERNATIONAL CONFERENCE ON FUNCTIONAL PROGRAMMING , 1998
"... Cayenne is a Haskell-like language. The main difference between Haskell and Cayenne is that Cayenne has dependent types, i.e., the result type of a function may depend on the argument value, and types of record components (which can be types or values) may depend on other components. Cayenne also co ..."
Abstract - Cited by 240 (0 self) - Add to MetaCart
suffice. It is also powerful enough to encode predicate logic at the type level, allowing types to be used as specifications of programs. However, this power comes at a cost: type checking of Cayenne is undecidable. While this may appear to be a steep price to pay, it seems to work well in practice.

Planning in Interplanetary Space: Theory and Practice

by Ari K. Jónsson, Paul H. Morris, Nicola Muscettola, Kanna Rajan, Ben Smith , 2000
"... On May 17th 1999, NASA activated for the first time an AI-based planner/scheduler running on the flight processor of a spacecraft. This was part of the Remote Agent Experiment (RAX), a demonstration of closedloop planning and execution, and model-based state inference and failure recovery. This ..."
Abstract - Cited by 165 (22 self) - Add to MetaCart
is formally well defined and can be proved to be complete. RAX-PS generates plans that are temporally flexible, allowing the execution system to adjust to actual plan execution conditions without breaking the plan. The practical aspect, developing a mission critical application, required paying attention
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