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Research ArticleArticle

The Effect of Competition on Executive Compensation and Incentives

Evidence from a Quasi-natural Experiment

Ana P. Fernandes, Priscila Ferreira and L. Alan Winters
Journal of Human Resources, July 2018, 53 (3) 783-824; DOI: https://doi.org/10.3368/jhr.53.3.0215-6963R1
Ana P. Fernandes
Ana P. Fernandes is a senior lecturer at the University of Exeter, United Kingdom. Priscila Ferreira is assistant professor of economics at the University of Minho (Portugal) and research fellow at NIMA. L. Alan Winters is a professor of economics at the University of Sussex (United Kingdom) and research fellow at CEPR, GDN, and IZA.
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Priscila Ferreira
Ana P. Fernandes is a senior lecturer at the University of Exeter, United Kingdom. Priscila Ferreira is assistant professor of economics at the University of Minho (Portugal) and research fellow at NIMA. L. Alan Winters is a professor of economics at the University of Sussex (United Kingdom) and research fellow at CEPR, GDN, and IZA.
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L. Alan Winters
Ana P. Fernandes is a senior lecturer at the University of Exeter, United Kingdom. Priscila Ferreira is assistant professor of economics at the University of Minho (Portugal) and research fellow at NIMA. L. Alan Winters is a professor of economics at the University of Sussex (United Kingdom) and research fellow at CEPR, GDN, and IZA.
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Journal of Human Resources: 53 (3)
Journal of Human Resources
Vol. 53, Issue 3
1 Jul 2018
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The Effect of Competition on Executive Compensation and Incentives
Ana P. Fernandes, Priscila Ferreira, L. Alan Winters
Journal of Human Resources Jul 2018, 53 (3) 783-824; DOI: 10.3368/jhr.53.3.0215-6963R1

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The Effect of Competition on Executive Compensation and Incentives
Ana P. Fernandes, Priscila Ferreira, L. Alan Winters
Journal of Human Resources Jul 2018, 53 (3) 783-824; DOI: 10.3368/jhr.53.3.0215-6963R1
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  • Article
    • Abstract
    • I. Introduction
    • II. Theoretical Background and Related Literature
    • III. Data and Identification Strategy
    • IV. Effect of the “On the Spot Firm” Program on Firm Entry
    • V. Effect of the “On the Spot Firm” Program on Executive Compensation: Quasi-Natural Experimental Evidence
    • VI. Effect of the “On the Spot Firm” Program on Performance-Induced Executive Turnover
    • VII. Managerial Talent and the “On the Spot Firm” Program
    • VIII. Firm Size, Probability of Exit and the “On the Spot Firm” Program
    • IX. Conclusion
    • Acknowledgments
    • Footnotes
    • References
  • Figures & Data
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Keywords

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