Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Law
The Globalization (Americanization?) Of Executive Pay, Randall Thomas, Brian R. Cheffins
The Globalization (Americanization?) Of Executive Pay, Randall Thomas, Brian R. Cheffins
Vanderbilt Law School Faculty Publications
In the United States, the remuneration packages of top executives are characterized by a strong emphasis on pay-for-performance and by a highly lucrative "upside." There is much discussion of the possibility that executive pay practices will globalize in accordance with this pattern. This Article assesses whether such convergence is likely to occur. After surveying briefly the key components of managerial remuneration and after examining the essential elements of the "U.S. pay paradigm," the Article considers market-oriented dynamics that could constitute a "global compensation imperative." These include wider dispersion of share ownership, more cross-border hiring of executives, growing international merger and …
The Increasing Role Of Empirical Research In Corporate Law Scholarship, Randall Thomas
The Increasing Role Of Empirical Research In Corporate Law Scholarship, Randall Thomas
Vanderbilt Law School Faculty Publications
This is a review of Professor Mark Roe's book, The Political Determinants of Corporate Governance. It seeks to accomplish two goals. First, in Part I, it summarizes the theoretical arguments made in Political Determinants and critiques the empirical support marshaled by Professor Roe in support of them. Then, in Part II, it develops an alternative model that could be used to test jointly Professor Roe's and LLSV's theory about the determinants of corporate governance. Finally, it offers a few concluding remarks about the future of empirical legal scholarship.