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Record W4253966051 · doi:10.22495/cocv9i1c1art5

Effective bonus?

2011· article· en· W4253966051 on OpenAlex
Gloria Yuan Tian, Fan Yang

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

affAt least one author lists a Canadian institution in the pinned OpenAlex snapshot.

Bibliographic record

VenueCorporate Ownership and Control · 2011
Typearticle
Languageen
FieldBusiness, Management and Accounting
TopicCorporate Finance and Governance
Canadian institutionsUniversity of Saskatchewan
Fundersnot available
KeywordsShareholderCashBusinessCompensation (psychology)Value (mathematics)Shareholder valueEnterprise valueExecutive compensationAccountingActuarial scienceFinanceCorporate governance

Abstract

fetched live from OpenAlex

Is it economically meaningful and ethical for firms to pay their CEOs cash bonuses in thousands, if not millions, of dollars? This paper empirically addresses two aspects of this issue. First, we document that a bonus is only statistically, but not economically, sensitive to short‐term firm performance and shareholder value creation. In addition, a discretionary bonus, on average representing 12% of a CEO’s annual compensation, adds little value to shareholders. Second, we find that firms with increased CEO bonuses have a higher likelihood of engaging in takeover activities, although such takeovers do not necessarily result in greater firm risk.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: Observational
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.062
Threshold uncertainty score0.691

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.001
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.035
GPT teacher head0.183
Teacher spread0.149 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it