Too Much Is Not Enough: Incentives in Executive Compensation

— —

Robert W. Kolb (Professor of Finance and Frank W. Considine Chair of Applied Ethics, Professor of Finance and Frank W. Considine Chair of Applied Ethics, Loyola University Chicago)

Too Much Is Not Enough

Name: Too Much Is Not Enough
Price: 136.95 AUD
Availability: OutOfStock
ISBN: 9780199829583

Incentives in Executive Compensation

Robert W. Kolb (Professor of Finance and Frank W. Considine Chair of Applied Ethics, Professor of Finance and Frank W. Considine Chair of Applied Ethics, Loyola University Chicago)

$136.95

Hardback

Not in-store but you can order this
How long will it take?

Availability Information

We source books from suppliers in Australia and overseas. For books we don't currently have in stock, the time it takes to get them from our suppliers can vary widely - from a few days to a few months - so we check each book with each supplier to determine the expected time it will take to be supplied to us.

We will update you on expected arrival time to us. If this delay is too long, please let us know within 2 business days and we can give you options regarding cancelling or adjusting your order. More details on cancelling your order can be found in our Terms of Trade.

To find out the anticipated arrival time for specific items prior to ordering, please contact us by phone or email:

Phone +61 2 9264 3111, or 1800 4 BOOKS (1800 4 26657) if outside Sydney:
option 1 Abbey's Bookshop (Crime, History, Science, Kids & more) • info@abbeys.com.au
option 2 Language Book Centre (ESL & Foreign Languages) • language@abbeys.com.au
option 3 Galaxy Bookshop (Sci-fi, Fantasy, Romance, Graphic Novels) • sf@galaxybooks.com.au

QTY:

English

Oxford University Press Inc
30 July 2012

Labour economics; Finance; Corporate finance; Corporate governance & responsibilities

Series: Financial Management Association Survey and Synthesis Series

The scholarly literature on executive compensation is vast. As such, this literature provides an unparalleled resource for studying the interaction between the setting of incentives (or the attempted setting of incentives) and the behavior that is actually adduced. From this literature, there are several reasons for believing that one can set incentives in executive compensation with a high rate of success in guiding CEO behavior, and one might expect CEO compensation to be a textbook example of the successful use of incentives. Also, as executive compensation has been studied intensively in the academic literature, we might also expect the success of incentive compensation to be well-documented. Historically, however, this has been very far from the case. In Too Much Is Not Enough, Robert W. Kolb studies the performance of incentives in executive compensation across many dimensions of CEO performance. The book begins with an overview of incentives and unintended consequences. Then it focuses on the theory of incentives as applied to compensation generally, and as applied to executive compensation particularly. Subsequent chapters explore different facets of executive compensation and assess the evidence on how well incentive compensation performs in each arena. The book concludes with a final chapter that provides an overall assessment of the value of incentives in guiding executive behavior. In it, Kolb argues that incentive compensation for executives is so problematic and so prone to error that the social value of giving huge incentive compensation packages is likely to be negative on balance. In focusing on incentives, the book provides a much sought-after resource, for while there are a number of books on executive compensation, none focuses specifically on incentives. Given the recent fervor over executive compensation, this unique but logical perspective will garner much interest. And while the literature being considered and evaluated is technical, the book is written in a non-mathematical way accessible to any college-educated reader.

By: Robert W. Kolb (Professor of Finance and Frank W. Considine Chair of Applied Ethics Professor of Finance and Frank W. Considine Chair of Applied Ethics Loyola University Chicago)
Imprint: Oxford University Press Inc
Country of Publication: United States
Dimensions: Height: 155mm, Width: 236mm, Spine: 23mm
Weight: 454g
ISBN: 9780199829583
ISBN 10: 0199829586
Series: Financial Management Association Survey and Synthesis Series
Pages: 232
Publication Date: 30 July 2012
Audience: College/higher education , Professional and scholarly , Primary , Undergraduate
Format: Hardback
Publisher's Status: Active

Robert W. Kolb is Professor of Finance and Frank W. Considine Chair of Applied Ethics at Loyola University Chicago. He has been professor of finance at the University of Florida, Emory University, the University of Miami, and the University of Colorado, and has published more than 20 books, including Lessons from the Financial Crisis: Causes, Consequences, and Our Economic Future and Futures, Options, and Swaps.

Reviews for Too Much Is Not Enough: Incentives in Executive Compensation

""Assessing the effectiveness of executive pay arrangements in providing desirable incentives presents important questions and has generated a tremendous amount of research. Making this research accessible to a wider audience, and drawing on it to discuss how pay arrangements can be improved, Too Much is Not Enough is a welcome contribution to the ongoing debates on the subject.""--Lucian Bebchuk, William J. Friedman & Alicia Townsend Friedman Professor of Law, Economics, and Finance, and Director of the Program on Corporate Governance, Harvard Law School ""Kolb provides an understandable treatment of the strengths and weaknesses of executive compensation plans. Recommended.""--CHOICE