Gilson is from Harvard Business School and Vetsuypens is from Southern Methodist University. This paper has benefited from the comments of Ed Altman, Chris Barry, Jim Brickley, Harry DeAngelo, Linda DeAngelo, Paul Healy, Cliff Holderness, Sherry Jarrell, Stacey Kole, Scott Lummer, Gordon Phillips, Michael Rebello, Richard Ruback, Dennis Sheehan, Richard Sloan, Rex Thompson, Seha Tinic, Peter Tufano, Karen Van Nuys, Jay Westbrook, Mark Zenner, seminar participants at Boston College, Georgetown University, Harvard Business School, MIT, the 1991 NBER Summer Institute Workshop on Corporate Finance, New York University, University of North Carolina, University of Oklahoma, University of Pittsburgh, Purdue University, University of Rochester, The Securities and Exchange Commission, University of Southern California, Texas A & M University, Texas Christian University, conference participants at the 1991 Financial Management Association Meetings and 1991 American Finance Association Meetings, and an anonymous referee and René Stulz (the editor). We are grateful to Kevin Murphy for providing us with some of his data. Financial support was provided by the Division of Research at the Harvard Business School (Gilson) and the Leo F. Corrigan Junior Fellowship at Southern Methodist University (Vetsuypens). Research assistance was provided by Joe Basset and Chris Williams.
CEO Compensation in Financially Distressed Firms: An Empirical Analysis
Article first published online: 30 APR 2012
1993 The American Finance Association
The Journal of Finance
Volume 48, Issue 2, pages 425–458, June 1993
How to Cite
GILSON, S. C. and VETSUYPENS, M. R. (1993), CEO Compensation in Financially Distressed Firms: An Empirical Analysis. The Journal of Finance, 48: 425–458. doi: 10.1111/j.1540-6261.1993.tb04722.x
- Issue published online: 30 APR 2012
- Article first published online: 30 APR 2012
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