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Keywords: Pay-performance sensitivity
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Journal Articles
Review of Accounting and Finance (2018) 17 (4): 426–452.
Published: 06 November 2018
... The authors use pay-performance sensitivity (PPS) to measure for CEO EBC and run OLS models with year and industry dummies. As many firms do not report labor expenses, the authors conduct the two-step analysis as in Heckman (1979) to overcome the potential selection bias. Findings The authors find...

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