Home | News | Publication by fellow Ingolf Dittmann in The Review of Financial Studies
News | February 27, 2014

Publication by fellow Ingolf Dittmann in The Review of Financial Studies

The article ‘Indexing Executive Compensation Contracts’ by TI fellow Ingolf Dittmann (Erasmus University Rotterdam) with Ernst Maug (University of Mannheim) and Oliver Spalt (Tilburg University) has been published in The Review of Financial Studies (December 2013).

Dittmann et al. analyzed the efficiency of indexing executive pay by calibrating the standard compensation model to a large sample of U.S. CEOs. The authors’ findings may justify the common practice of “pay-for-luck.” Please click here to read the full text.