Construct · 1 fields · 1 citations

pay for luck: a standalone construct

One name. One construct. A landmark on the map.

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Corporate finance

extent to which executive pay rises with firm performance driven by observable shocks outside managers' control.

In corporate finance, pay for luck refers to extent to which executive pay rises with firm performance driven by observable shocks outside managers' control. This meaning comes from Bertrand (2001) in The Quarterly Journal of Economics.[1]

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Nearby constructs

control4 fields · 5 citationsjingle · one word, four constructs extent1 fields · 1 citationsanchor · a standalone construct performance6 fields · 8 citationsjingle · one word, five performances

References

Bertrand, M., & Mullainathan, S. (2001). Are CEOs Rewarded for Luck? The Ones Without Principals Are. The Quarterly Journal of Economics, 116(3), 901-932. https://doi.org/10.1162/00335530152466269

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