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| Author: | Hermalin, B. E. Wallace, N. E. |
| Title: | Firm performance and executive compensation in the savings and loan industry |
| Journal: | Journal of Financial Economics
2001 : JUL, VOL. 61:1, p. 139-170 |
| Index terms: | COMPANY PERFORMANCE LOANS PAY SAVINGS |
| Language: | eng |
| Abstract: | This paper offers a new way to estimate the relation between pay and performance. In particular, unlike previous analyses, the authors account for the heterogeneity that theory tells us should exist across the compensation packages of different firms. |
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