1. IR@IIMC
  2. DECISION (IIMC Official Journal)
  3. 2016, Volume 43
  4. Issue 3, September 2016
Please use this identifier to cite or link to this item: https://ir.iimcal.ac.in:8443/jspui/handle/123456789/3177
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dc.contributor.authorJaiswal, Sudhir Kumar
dc.contributor.authorBhattacharyya, Asish Kumar
dc.date.accessioned2021-08-27T08:34:34Z
dc.date.available2021-08-27T08:34:34Z
dc.date.issued2016-09
dc.identifier.issn0304-0941 (print version) ; 2197-1722 (electronic version)
dc.identifier.urihttps://doi.org/10.1007/s40622-016-0128-2
dc.identifier.urihttps://ir.iimcal.ac.in:8443/jspui/handle/123456789/3177
dc.descriptionSudhir Kumar Jaiswal, University of Calcutta and Guest Faculty, Finance and Control Group, Indian Institute of Management Calcutta, Kolkata, India; Asish Kumar Bhattacharyya, School of Corporate Governance and Public Policy, Indian Institute of Corporate Affairs, Manesar, Gurgaon, Haryana, India
dc.descriptionp.201-221
dc.descriptionIssue Editor – R. Rajesh Babu
dc.description.abstractThe use of relative performance evaluation (RPE) to determine compensation improves contracting efficiency, reduces moral hazard, and provides effort incentive. This study investigates how RPE usage in CEO compensation in Indian private sector firms is associated with a firm’s operating efficiency and asset productivity. It documents that firms with lower operating efficiency and asset productivity use more RPE by placing a more negative weight on their peer’s performance. Further, this study documents that more RPE usage is associated with lower asset productivity in both business group-affiliated firms as well as independent firms. In contrast, more RPE usage is associated with lower operating efficiency only in independent firms. This indicates that a firm’s ownership structure too plays a role in the RPE usage in Indian private sector firms.
dc.publisherIndian Institute of Management Calcutta, Kolkata
dc.relation.ispartofseriesVol.43;No.3
dc.subjectIndia
dc.subjectCEO compensation
dc.subjectRelative performance evaluation
dc.subjectOperating efficiency
dc.subjectAsset productivity
dc.subjectPrivate sector
dc.subjectBusiness groups
dc.titleThe role of operating efficiency and asset productivity in relative performance evaluation and CEO compensation in Indian firms
dc.typeArticle
Appears in Collections:Issue 3, September 2016

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