Term paper compensation management
News › media › wrds best paper award for research examines ceo compensation structure – short term contracts induce ceos to cut elphia, pa — wharton research data services (wrds), the leading data research platform and business intelligence tool for corporate, academic and government institutions worldwide, is pleased to announce the winners of the wharton-wrds best paper award in empirical finance by the western finance association: alex edmans of the london business school; vivian w. Their paper, equity vesting and managerial myopia examined the impact of ceo pay on long-term company investment.
Wrds, a part of the wharton school of the university of pennsylvania, is trusted by universities across the globe and fundamental to accelerate impactful research and enhance increasing focus on executive pay levels and disclosure requirements, edmans, fang and lewellen investigated how the structure of compensation – particularly equity vesting – impacts the long-term health of firms. To do so, they examined what makes a ceo focus on short-term stock price and cut investments, controlling for current events such as poor investment opportunities due to downturns.
The researchers used wrds to access institutional brokers’ estimate system (i/b/e/s), the center for research in security prices (crsp) and s&p capital iq vesting coincides with short-term reductions in investment to boost stock prices, at the expense of long-term structure of the compensation package affects the health of the firm, in contrast to the common focus on the level of need to pay particular attention to the actions of ceos preceding equity vesting. Wrds is very pleased to present the best paper award to edmans, fang and lewellen for their timely and important research,” said robert zarazowski, managing director of wrds.
Wrds advances research that drives impact, and this investigation has real implications for both the current debate over executive compensation and long-term investment strategies of firms. The authors show that compensation contracts induce ceos to prioritize short-term earnings over long-term investment.
We are grateful to wrds for recognizing our research on vesting and its impact on long-term corporate health,” said alex edmans. It’s a privilege to receive this best paper award from an organization dedicated to advancing excellence in research for the real world.
The wharton school has 5,000 undergraduate, mba, executive mba, and doctoral students; more than 9,000 participants in executive education programs annually and a powerful alumni network of 94,000 ts and — additional fee for third-party care › news › media › wrds best paper award for research examines ceo compensation structure – short term contracts induce ceos to cut elphia, pa — wharton research data services (wrds), the leading data research platform and business intelligence tool for corporate, academic and government institutions worldwide, is pleased to announce the winners of the wharton-wrds best paper award in empirical finance by the western finance association: alex edmans of the london business school; vivian w.