Consequences of Increased Compensation Disclosure Transparency: Evidence From CEO Pay in Acquiring Firms

Isabel Yanyan Wang, Xue Wang & Daniel Wangerin
We investigate the consequences of increased compensation disclosure transparency on the pay for chief executive officers (CEOs) in firms that are more prone to a misalignment between manager and shareholder interests. Prior research documents that acquiring CEOs’ pay is insensitive to poor post-deal performance after firms complete large acquisitions. Using the 2006 Securities and Exchange Commission (SEC) compensation disclosure regulation as our empirical setting, we find that this result disappears after firms begin to provide...
This data repository is not currently reporting usage information. For information on how your repository can submit usage information, please see our documentation.