Executive Compensation, Corporate Governance, and Say on Pay

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Provides a comprehensive summary and survey of the theoretical and empirical literature on Say on Pay. The first part of the monograph theoretically studies how a poor governance structure affects the level and structure of executive pay and identifies conditions under which Say and Pay could help shareholders to improve it. The second part of this monograph explains the origins and the cross-country differences in Say on Pay regulation and provides a detailed summary and evaluation of the empirical evidence on the subject. Finally, the authors discuss potential improvements and point out some fruitful avenues for future empirical and theoretical research.