Kevin J. Murphy
1 paper in the Anchorcite directory, published in 1990, cited 5,192 times in total.
ORCID profileResearch topics
- Corporate Finance and Governance · 1 paper
Frequent co-authors
- Michael C. Jensen · 1 paper
Papers
- Performance Pay and Top-Management IncentivesJournal of Political Economy · 1990 · 5,192 citations
The authors' estimates of the pay-performance relation (including pay, options, stockholding, and dismissal) for chief executive officers indicate that CEO wealth changes $3.25 for every $1,000 changes in shareholder wealth. Although the incentives generated by stock ownership are large relative…
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