Executive Compensation: A Survey of Theory and Evidence
---- Acknowledgments ----
Prepared for the Handbook of the Economics of Corporate Governance, edited by Benjamin Hermalin and Michael Weisbach. We thank Aubrey Clark, Tom Gosling, Steve Kaplan, Gaizka Ormazabal, Kelly Shue, Alexander Wagner, David Zhang, and especially Pierre Chaigneau for helpful comments and Janet Chater, Irem Erten, Jesus Gorrin, Joseph Kalmenovitz, and Jiaying Wei for research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.