Acharya, Viral V. (contributor); Volpin, Paolo (contributor) - 2007
recently studied by
Bebchuk and Fried (2004), recognizing that pay for performance may be a symptom of poor
corporate … mechanism. In a large sample of US companies,
he finds that there is more pay for performance in firms with weaker corporate … activists
should thus not be assessed simply on the basis of their own performance, but must also take
account of the …