The topic of CEO compensation has been highly debatable. The financial crisis of 2008 further prompted public and media to question executive compensation practices in the United States. This study investigates the effect of the financial crisis on CEO compensation and also examines various determinants of CEO compensation. Using a sample of Fortune 500 firms and 2241 observations, we find that financial crisis has a small but significant effect on CEO compensation. Firm performance, firm size, and CEO duality were found to have a significant effect on CEO compensation both pre and post-crisis. One major difference found between pre and post-crisis was in the composition of pay. While cash compensation decreased significantly post-crisis, equity-compensation increased.

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This paper assesses the effect of cross-listing on CEO turnover. The study uses a pooled data sample of 59 Canadian firms that cross-listed on U.S. stock exchanges over the period 2003-2007. For each firm, data is collected over a five year period that begins two years before the cross-listing and ends two years after the cross-listing; thus, 295 observations are the full sample size. The results of the logistic regression analysis find evidence that cross-listing does affect CEO turnover directly as well as indirectly through its effect on firm performance, board independence, board size, and CEO duality.

Similar to Western firms, Asian firms in rapidly developing markets like India need to account for corporate governance issues. Prior research has examined the effect of variables such as ownership structure, agency costs, and liquidity individually on firm value. However, little research has been done as how these variables interact with each other and affect firm value jointly. This paper empirically examines the joint effects of ownership structure, agency costs, and liquidity on the firm value for a sample of 136 Indian firms. Using a partial least squares regression -to account for possible multicollinearity -the findings show that the correlated variables of ownership structure, agency costs and liquidity have a joint significant effect on firm value.

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