{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,5,7]],"date-time":"2026-05-07T16:46:11Z","timestamp":1778172371324,"version":"3.51.4"},"reference-count":52,"publisher":"Oxford University Press (OUP)","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Rev. Financ. Stud."],"published-print":{"date-parts":[[2013,2]]},"DOI":"10.1093\/rfs\/hhs122","type":"journal-article","created":{"date-parts":[[2013,1,16]],"date-time":"2013-01-16T12:15:33Z","timestamp":1358338533000},"page":"323-367","source":"Crossref","is-referenced-by-count":232,"title":["Are U.S. CEOs Paid More? New International Evidence"],"prefix":"10.1093","volume":"26","author":[{"given":"Nuno","family":"Fernandes","sequence":"first","affiliation":[]},{"given":"Miguel A.","family":"Ferreira","sequence":"additional","affiliation":[]},{"given":"Pedro","family":"Matos","sequence":"additional","affiliation":[]},{"given":"Kevin J.","family":"Murphy","sequence":"additional","affiliation":[]}],"member":"286","published-online":{"date-parts":[[2012,12,17]]},"reference":[{"key":"2016022505074552000_26.2.323.1","unstructured":"Abowd J. Bognanno M. International differences in executive and managerial compensation. In: Freeman R. Katz L. , editors. Differences and changes in wage structures. Chicago: University of Chicago Press; 1995."},{"key":"2016022505074552000_26.2.323.2","doi-asserted-by":"crossref","first-page":"145","DOI":"10.1257\/jep.13.4.145","article-title":"Executive compensation: Six questions that need answering","volume":"13","author":"Abowd","year":"1999","journal-title":"Journal of Economic Perspectives"},{"key":"2016022505074552000_26.2.323.3","doi-asserted-by":"publisher","DOI":"10.1016\/j.jfineco.2010.10.018"},{"key":"2016022505074552000_26.2.323.4","doi-asserted-by":"publisher","DOI":"10.2307\/2328185"},{"key":"2016022505074552000_26.2.323.5","doi-asserted-by":"publisher","DOI":"10.2307\/1600632"},{"key":"2016022505074552000_26.2.323.6","unstructured":"Benoit B. SAP vote may spell German rethink. Financial Times 2000 January 17."},{"key":"2016022505074552000_26.2.323.7","unstructured":"Berle A. Means G. The modern corporation and private property. New York: Macmillan; 1932."},{"key":"2016022505074552000_26.2.323.8","doi-asserted-by":"publisher","DOI":"10.1086\/376950"},{"key":"2016022505074552000_26.2.323.9","doi-asserted-by":"publisher","DOI":"10.1086\/260062"},{"key":"2016022505074552000_26.2.323.10","doi-asserted-by":"publisher","DOI":"10.1162\/0033553042476215"},{"key":"2016022505074552000_26.2.323.11","unstructured":"Bulkeley A. DaimlerChrysler to equalize pay of German, U.S. execs. Bloomberg News 1999 January 9."},{"key":"2016022505074552000_26.2.323.12","doi-asserted-by":"publisher","DOI":"10.3905\/jod.2005.479376"},{"key":"2016022505074552000_26.2.323.13","unstructured":"Carter M. E. Lynch L. Zamora V. 2009. The Americanization of CEO pay in European firms. Working Paper, Boston College."},{"key":"2016022505074552000_26.2.323.14","doi-asserted-by":"publisher","DOI":"10.1093\/rfs\/hhq112"},{"key":"2016022505074552000_26.2.323.15","doi-asserted-by":"publisher","DOI":"10.1111\/1468-0297.00577"},{"key":"2016022505074552000_26.2.323.16","doi-asserted-by":"publisher","DOI":"10.1016\/S0024-6301(00)00052-2"},{"key":"2016022505074552000_26.2.323.17","doi-asserted-by":"publisher","DOI":"10.1016\/S0304-405X(98)00058-0"},{"key":"2016022505074552000_26.2.323.18","doi-asserted-by":"publisher","DOI":"10.1016\/j.jfineco.2007.02.007"},{"key":"2016022505074552000_26.2.323.19","doi-asserted-by":"publisher","DOI":"10.1016\/S0304-405X(03)00183-1"},{"key":"2016022505074552000_26.2.323.20","doi-asserted-by":"publisher","DOI":"10.1093\/rfs\/hhq153"},{"key":"2016022505074552000_26.2.323.21","doi-asserted-by":"publisher","DOI":"10.1016\/j.mulfin.2007.02.003"},{"key":"2016022505074552000_26.2.323.22","doi-asserted-by":"publisher","DOI":"10.1016\/j.jfineco.2007.07.003"},{"key":"2016022505074552000_26.2.323.23","doi-asserted-by":"publisher","DOI":"10.1162\/qjec.2008.123.1.49"},{"key":"2016022505074552000_26.2.323.24","doi-asserted-by":"crossref","unstructured":"Gerakos J. Piotroski J. Srinivasan S. 2010. Do U.S. market interactions affect CEO pay? Evidence from U.K. companies. Working Paper, University of Chicago.","DOI":"10.2139\/ssrn.1738083"},{"key":"2016022505074552000_26.2.323.25","unstructured":"Greenbury R. Directors'remuneration: Report of a study group chaired by Sir Richard Greenbury. London: Gee Publishing; 1995."},{"key":"2016022505074552000_26.2.323.26","doi-asserted-by":"publisher","DOI":"10.1016\/S0165-4101(01)00050-7"},{"key":"2016022505074552000_26.2.323.27","doi-asserted-by":"publisher","DOI":"10.1046\/j.1540-6261.2003.00608.x"},{"key":"2016022505074552000_26.2.323.28","unstructured":"Hymowitz C. Foreign-born CEOs are increasing in U.S., rarer overseas. Wall Street Journal 2004 May 25."},{"key":"2016022505074552000_26.2.323.29","doi-asserted-by":"publisher","DOI":"10.1016\/0304-405X(76)90026-X"},{"key":"2016022505074552000_26.2.323.30","doi-asserted-by":"publisher","DOI":"10.1086\/261944"},{"key":"2016022505074552000_26.2.323.31","unstructured":"Karolyi G. A. 2010. Corporate governance, agency problems and international cross-listings: A defense of the bonding hypothesis. Working Paper, Cornell University."},{"key":"2016022505074552000_26.2.323.32","unstructured":"Kato T. Kim W. Lee J.-H. 2006. Executive compensation and firm performance in Korea. Working Paper, Korea Development Institute."},{"key":"2016022505074552000_26.2.323.33","doi-asserted-by":"publisher","DOI":"10.1086\/503583"},{"key":"2016022505074552000_26.2.323.34","doi-asserted-by":"publisher","DOI":"10.2307\/145728"},{"key":"2016022505074552000_26.2.323.35","doi-asserted-by":"publisher","DOI":"10.2307\/2491032"},{"key":"2016022505074552000_26.2.323.36","doi-asserted-by":"publisher","DOI":"10.1111\/j.1540-6261.2006.00828.x"},{"key":"2016022505074552000_26.2.323.37","doi-asserted-by":"publisher","DOI":"10.1086\/250042"},{"key":"2016022505074552000_26.2.323.38","doi-asserted-by":"publisher","DOI":"10.1111\/0022-1082.00115"},{"key":"2016022505074552000_26.2.323.39","doi-asserted-by":"publisher","DOI":"10.1086\/261010"},{"key":"2016022505074552000_26.2.323.40","doi-asserted-by":"publisher","DOI":"10.1111\/j.1540-6261.2008.01377.x"},{"key":"2016022505074552000_26.2.323.41","doi-asserted-by":"crossref","unstructured":"Murphy K. J. Executive compensation. In: Ashenfelter O. Card D. , editors. Handbook of Labor Economics. New York: North-Holland; 1999.","DOI":"10.2139\/ssrn.163914"},{"key":"2016022505074552000_26.2.323.42","unstructured":"Murphy K. J. Executive compensation: Where we are, and how we got there. In: Constantinides G. Harris M. Stulz R. , editors. Handbook of the Economics of Finance. Amsterdam: Elsevier\/North-Holland; Forthcoming."},{"key":"2016022505074552000_26.2.323.43","doi-asserted-by":"publisher","DOI":"10.1086\/341874"},{"key":"2016022505074552000_26.2.323.44","first-page":"845","article-title":"The economics of superstars","volume":"71","author":"Rosen","year":"1981","journal-title":"American Economic Review"},{"key":"2016022505074552000_26.2.323.45","doi-asserted-by":"crossref","first-page":"311","DOI":"10.2307\/3003456","article-title":"Authority, control, and the distribution of earnings","volume":"13","author":"Rosen","year":"1982","journal-title":"Bell Journal of Economics"},{"key":"2016022505074552000_26.2.323.46","doi-asserted-by":"crossref","first-page":"8","DOI":"10.1111\/j.1745-6622.1999.tb00027.x","article-title":"Globalization, corporate finance, and the cost of capital","volume":"12","author":"Stulz","year":"1999","journal-title":"Journal of Applied Corporate Finance"},{"key":"2016022505074552000_26.2.323.47","unstructured":"Thomas R. 2008. International executive pay: Current practices and future trends. Working Paper, Vanderbilt University Law School."},{"key":"2016022505074552000_26.2.323.48","unstructured":"Towers Perrin. 2006. Worldwide Total Remuneration, 2005\u20132006."},{"key":"2016022505074552000_26.2.323.49","doi-asserted-by":"publisher","DOI":"10.1016\/0304-405X(88)90053-0"},{"key":"2016022505074552000_26.2.323.50","first-page":"689","article-title":"\u201cNo man can be worth $1,000,000 a year\u201d: The fight over executive compensation in 1930s America","volume":"44","author":"Wells","year":"2010","journal-title":"University of Richmond Law Review"},{"key":"2016022505074552000_26.2.323.51","doi-asserted-by":"publisher","DOI":"10.1016\/S0165-1765(96)00938-X"},{"key":"2016022505074552000_26.2.323.52","doi-asserted-by":"publisher","DOI":"10.1111\/0008-4085.00013"}],"container-title":["Review of Financial Studies"],"original-title":[],"language":"en","link":[{"URL":"http:\/\/academic.oup.com\/rfs\/article-pdf\/26\/2\/323\/5374424\/hhs122.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2019,7,8]],"date-time":"2019-07-08T10:44:29Z","timestamp":1562582669000},"score":1,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/rfs\/article-lookup\/doi\/10.1093\/rfs\/hhs122"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2012,12,17]]},"references-count":52,"journal-issue":{"issue":"2","published-online":{"date-parts":[[2013,1,16]]},"published-print":{"date-parts":[[2013,2]]}},"alternative-id":["10.1093\/rfs\/hhs122"],"URL":"https:\/\/doi.org\/10.1093\/rfs\/hhs122","relation":{},"ISSN":["0893-9454","1465-7368"],"issn-type":[{"value":"0893-9454","type":"print"},{"value":"1465-7368","type":"electronic"}],"subject":[],"published":{"date-parts":[[2012,12,17]]}}}