{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,12,29]],"date-time":"2025-12-29T18:45:54Z","timestamp":1767033954138},"reference-count":28,"publisher":"Springer Science and Business Media LLC","issue":"2","license":[{"start":{"date-parts":[[2010,6,23]],"date-time":"2010-06-23T00:00:00Z","timestamp":1277251200000},"content-version":"tdm","delay-in-days":0,"URL":"http:\/\/www.springer.com\/tdm"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["OR Spectrum"],"published-print":{"date-parts":[[2011,4]]},"DOI":"10.1007\/s00291-010-0218-z","type":"journal-article","created":{"date-parts":[[2010,6,22]],"date-time":"2010-06-22T14:44:48Z","timestamp":1277217888000},"page":"309-331","source":"Crossref","is-referenced-by-count":11,"title":["Corporate governance, stakeholder power, and executive compensation"],"prefix":"10.1007","volume":"33","author":[{"given":"Thorsten","family":"D\u00f6scher","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Gunther","family":"Friedl","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"297","published-online":{"date-parts":[[2010,6,23]]},"reference":[{"key":"218_CR1","doi-asserted-by":"crossref","first-page":"217","DOI":"10.1111\/j.1540-6261.2007.01206.x","volume":"62","author":"R Adams","year":"2007","unstructured":"Adams R, Ferreira D (2007) A theory of friendly boards. J Finance 62: 217\u2013250","journal-title":"J Finance"},{"key":"218_CR2","doi-asserted-by":"crossref","first-page":"154","DOI":"10.1016\/j.jacceco.2008.06.002","volume":"46","author":"R Adams","year":"2008","unstructured":"Adams R, Ferreira D (2008) Do directors perform for pay?. J Account Econ 46: 154\u2013171","journal-title":"J Account Econ"},{"key":"218_CR3","doi-asserted-by":"crossref","first-page":"217","DOI":"10.2307\/2491016","volume":"25","author":"S Baiman","year":"1987","unstructured":"Baiman S, Evans JH III, Noel J (1987) Optimal contracts with a utility-maximizing auditor. J Account Res 25: 217\u2013244","journal-title":"J Account Res"},{"key":"218_CR4","doi-asserted-by":"crossref","first-page":"1","DOI":"10.2307\/2491025","volume":"29","author":"S Baiman","year":"1991","unstructured":"Baiman S, Evans JH III, Nagarajan NJ (1991) Collusion in auditing. J Account Res 29: 1\u201318","journal-title":"J Account Res"},{"key":"218_CR5","volume-title":"Pay without performance: the unfulfilled promise of executive compensation","author":"L Bebchuk","year":"2004","unstructured":"Bebchuk L, Fried J (2004) Pay without performance: the unfulfilled promise of executive compensation. Harvard University Press, Cambridge"},{"key":"218_CR6","doi-asserted-by":"crossref","first-page":"283","DOI":"10.1093\/oxrep\/gri017","volume":"21","author":"L Bebchuk","year":"2005","unstructured":"Bebchuk L, Grinstein Y (2005) The growth of executive pay. Oxford Rev Econ Policy 21: 283\u2013303","journal-title":"Oxford Rev Econ Policy"},{"key":"218_CR7","doi-asserted-by":"crossref","first-page":"901","DOI":"10.1162\/00335530152466269","volume":"116","author":"M Bertrand","year":"2001","unstructured":"Bertrand M, Mullainathan S (2001) Are CEOs rewarded for luck? The ones without principals are. Q J Econ 116: 901\u2013932","journal-title":"Q J Econ"},{"key":"218_CR8","doi-asserted-by":"crossref","first-page":"403","DOI":"10.1016\/j.jcorpfin.2005.08.005","volume":"12","author":"IE Brick","year":"2006","unstructured":"Brick IE, Palmon O, Wald JK (2006) CEO compensation, director compensation, and firm performance: evidence of cronyism?. J Corp Finance 12: 403\u2013423","journal-title":"J Corp Finance"},{"key":"218_CR9","doi-asserted-by":"crossref","first-page":"1651","DOI":"10.1111\/j.1540-6261.2004.00675.x","volume":"59","author":"SR Callaghan","year":"2004","unstructured":"Callaghan SR, Saly PJ, Subramaniam C (2004) The timing of option repricing. J Finance 59: 1651\u20131676","journal-title":"J Finance"},{"key":"218_CR10","doi-asserted-by":"crossref","first-page":"129","DOI":"10.1016\/S0304-405X(00)00053-2","volume":"57","author":"DM Chance","year":"2000","unstructured":"Chance DM, Kumar R, Todd RB (2000) The \u201crepricing\u201d of executive stock options. J Financ Econ 57: 129\u2013154","journal-title":"J Financ Econ"},{"key":"218_CR11","unstructured":"Committee on Corporate Laws (2004) Corporate director\u2019s guidebook. American Bar Association, Chicago"},{"key":"218_CR12","doi-asserted-by":"crossref","first-page":"371","DOI":"10.1016\/S0304-405X(98)00058-0","volume":"51","author":"JE Core","year":"1999","unstructured":"Core JE, Holthausen RW, Larcker DF (1999) Corporate governance, chief executive officer compensation, and firm performance. J Financ Econ 51: 371\u2013406","journal-title":"J Financ Econ"},{"key":"218_CR13","doi-asserted-by":"crossref","first-page":"301","DOI":"10.1086\/467037","volume":"26","author":"EF Fama","year":"1983","unstructured":"Fama EF, Jensen MC (1983) Separation of ownership and control. J Law Econ 26: 301\u2013325","journal-title":"J Law Econ"},{"key":"218_CR14","first-page":"27","volume":"51","author":"R G\u00f6x","year":"1998","unstructured":"G\u00f6x R (1998) Erfolgsabh\u00e4ngige Geh\u00e4lter, Belohnung f\u00fcr den Zufall und der Einfluss des Managements auf die Gestaltung seines eigenen Verg\u00fctungssystems. Schmalenbachs Zeitschrift f\u00fcr betriebswirtschaftliche Forschung Sonderheft 51: 27\u201355","journal-title":"Schmalenbachs Zeitschrift f\u00fcr betriebswirtschaftliche Forschung Sonderheft"},{"key":"218_CR15","doi-asserted-by":"crossref","first-page":"653","DOI":"10.1162\/003355398555702","volume":"113","author":"BJ Hall","year":"1998","unstructured":"Hall BJ, Liebman JB (1998) Are CEOs really paid like bureaucrats?. Q J Econ 113: 653\u2013691","journal-title":"Q J Econ"},{"key":"218_CR16","first-page":"96","volume":"88","author":"BE Hermalin","year":"1998","unstructured":"Hermalin BE, Weisbach MS (1998) Endogenously chosen boards of directors and their monitoring of the CEO. Am Econ Rev 88: 96\u2013118","journal-title":"Am Econ Rev"},{"key":"218_CR17","first-page":"703","volume":"30","author":"B Holmstrom","year":"2005","unstructured":"Holmstrom B (2005) Pay without performance and the managerial power hypothesis: a comment. J Corp Law 30: 703\u2013715","journal-title":"J Corp Law"},{"key":"218_CR18","doi-asserted-by":"crossref","first-page":"225","DOI":"10.1086\/261677","volume":"98","author":"MC Jensen","year":"1990","unstructured":"Jensen MC, Murphy KJ (1990) Performance pay and top-management incentives. J Political Econ 98: 225\u2013264","journal-title":"J Political Econ"},{"key":"218_CR19","doi-asserted-by":"crossref","first-page":"269","DOI":"10.1111\/j.1467-6451.2006.00283.x","volume":"54","author":"F Khalil","year":"2006","unstructured":"Khalil F, Lawarr\u00e9e J (2006) Incentives for corruptible auditors in the absence of commitment. J Ind Econ 54: 269\u2013291","journal-title":"J Ind Econ"},{"key":"218_CR20","doi-asserted-by":"crossref","first-page":"629","DOI":"10.2307\/2951721","volume":"61","author":"F Kofman","year":"1993","unstructured":"Kofman F, Lawarr\u00e9e J (1993) Collusion in hierarchical agency. Econometrica 61: 629\u2013656","journal-title":"Econometrica"},{"key":"218_CR21","doi-asserted-by":"crossref","first-page":"1089","DOI":"10.2307\/2937958","volume":"106","author":"J-J Laffont","year":"1991","unstructured":"Laffont J-J, Tirole J (1991) The politics of government decision-making: a theory of regulatory capture. Q J Econ 106: 1089\u20131127","journal-title":"Q J Econ"},{"key":"218_CR22","doi-asserted-by":"crossref","first-page":"438","DOI":"10.2307\/2393375","volume":"38","author":"RA Lambert","year":"1993","unstructured":"Lambert RA, Larcker DA, Weigelt K (1993) The structure of organizational incentives. Adm Sci Q 38: 438\u2013461","journal-title":"Adm Sci Q"},{"key":"218_CR23","doi-asserted-by":"crossref","first-page":"137","DOI":"10.1111\/j.1475-679X.2008.00269.x","volume":"46","author":"V Laux","year":"2008","unstructured":"Laux V (2008) Board independence and CEO turnover. J Account Res 46: 137\u2013171","journal-title":"J Account Res"},{"key":"218_CR24","doi-asserted-by":"crossref","first-page":"869","DOI":"10.2308\/accr.2009.84.3.869","volume":"84","author":"C Laux","year":"2009","unstructured":"Laux C, Laux V (2009) Board committees, CEO compensation, and earnings management. Account Rev 84: 869\u2013891","journal-title":"Account Rev"},{"key":"218_CR25","first-page":"2485","volume-title":"Handbook of labor economics, vol 3","author":"KJ Murphy","year":"2003","unstructured":"Murphy KJ (2003) Executive compensation. In: Ashenfelter O, Card D (eds) Handbook of labor economics, vol 3. North-Holland, Amsterdam, pp 2485\u20132563"},{"key":"218_CR26","doi-asserted-by":"crossref","first-page":"61","DOI":"10.2307\/1912346","volume":"47","author":"RB Myerson","year":"1979","unstructured":"Myerson RB (1979) Incentive compatibility and the bargaining problem. Econometrica 47: 61\u201373","journal-title":"Econometrica"},{"key":"218_CR27","unstructured":"Rapp MS, Wolff M (2009) Verg\u00fctung deutscher Vorstandsorgane 2009. Fachverlag der Verlagsgruppe Handelsblatt GmbH, D\u00fcsseldorf"},{"key":"218_CR28","doi-asserted-by":"crossref","first-page":"1829","DOI":"10.1111\/0022-1082.00168","volume":"54","author":"A Shivdasani","year":"1999","unstructured":"Shivdasani A, Yermack D (1999) CEO involvement in the selection of new board members: an empirical analysis. J Finance 54: 1829\u20131853","journal-title":"J Finance"}],"container-title":["OR Spectrum"],"original-title":[],"language":"en","link":[{"URL":"http:\/\/link.springer.com\/content\/pdf\/10.1007\/s00291-010-0218-z.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"http:\/\/link.springer.com\/article\/10.1007\/s00291-010-0218-z\/fulltext.html","content-type":"text\/html","content-version":"vor","intended-application":"text-mining"},{"URL":"http:\/\/link.springer.com\/content\/pdf\/10.1007\/s00291-010-0218-z","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2019,5,28]],"date-time":"2019-05-28T10:59:59Z","timestamp":1559041199000},"score":1,"resource":{"primary":{"URL":"http:\/\/link.springer.com\/10.1007\/s00291-010-0218-z"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2010,6,23]]},"references-count":28,"journal-issue":{"issue":"2","published-print":{"date-parts":[[2011,4]]}},"alternative-id":["218"],"URL":"https:\/\/doi.org\/10.1007\/s00291-010-0218-z","relation":{},"ISSN":["0171-6468","1436-6304"],"issn-type":[{"value":"0171-6468","type":"print"},{"value":"1436-6304","type":"electronic"}],"subject":[],"published":{"date-parts":[[2010,6,23]]}}}