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Full-Text Articles in Labor Relations
Ceo Pay-For-Performance Heterogeneity: Examples Using Quantile Regression, Kevin F. Hallock, Regina Madalozzo, Clayton G. Reck
Ceo Pay-For-Performance Heterogeneity: Examples Using Quantile Regression, Kevin F. Hallock, Regina Madalozzo, Clayton G. Reck
Kevin F Hallock
We provide some examples of how quantile regression can be used to investigate heterogeneity in pay–firm size and pay-performance relationships for U.S. CEOs. For example, do conditionally (predicted) high-wage managers have a stronger relationship between pay and performance than conditionally low-wage managers? Our results using data over a decade show, for some standard specifications, there is considerable heterogeneity in the returns to firm performance across the conditional distribution of wages. Quantile regression adds substantially to our understanding of the pay-performance relationship. This heterogeneity is masked when using more standard empirical techniques.
Managerial Pay And Governance In American Nonprofits, Kevin F. Hallock
Managerial Pay And Governance In American Nonprofits, Kevin F. Hallock
Kevin F Hallock
This article examines the compensation of top managers of nonprofits in the United States using panel data from tax returns of the organizations from 1992 to 1996. Studying managers in nonprofits is particularly interesting given the difficulty in measuring performance. The article examines many areas commonly studied in the executive pay (within for-profit firms) literature. It explores pay differences between for-profit and nonprofit firms, pay variability within and across nonprofit industries, managerial pay and performance (including organization size and fund raising) in nonprofits, the effect of government grants on managerial pay, and the relationship between boards of directors and managerial …