Recent Evidence on CEO Incentives

This short course will explore recent empirical work on CEO incentives and outcomes from the perspective of effective experimental designs and relevant CEO, board, firm and industry characteristics.  The course will explore the evidence on CEO risk-aversion, over-confidence, ownership of firm financial claims, compensation incentives, reputation incentives, firm-specific human capital and perquisites and private benefits of control and probability of forced turnover and other job opportunities.  The course will presume that students enrolled in the course have carefully read the assigned material prior to class and are prepared to critically discuss the recent empirical evidence.  The course will discuss useful databases in this literature, data concerns, and various approaches to addressing endogeneity issues.

Course description

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