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  • November 2017
  • Comment
  • Journal of Accounting & Economics

Discussion: Do Common Inherited Beliefs and Values Influence CEO Pay?

By: Lauren Cohen
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Abstract

The origin of preferences is something we know strikingly little about in economics. Given the central importance of preferences, we have not invested nearly the time we should into this concept. And so, as an overarching research direction, I am heartened by the push of the paper. That being said, while I believe the authors have done much throughout the writing and revision of this paper, I do believe a number of gaps remain. These gaps vary in their severity—from further explorations that could have better established a potential mechanism, to fundamental gaps that impact inference and bottom-line takeaways. I’ll split the discussion into three main sections that encompass what I believe to be three broad categories of these gaps: 1. Two-sided matching. 2. External validity. 3. Lack of consistency across decisions.

Keywords

Executive Compensation; Values and Beliefs; Ethnicity

Citation

Cohen, Lauren. "Discussion: Do Common Inherited Beliefs and Values Influence CEO Pay?" Journal of Accounting & Economics 64, nos. 2-3 (November 2017): 368–370.
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About The Author

Lauren H. Cohen

Finance
→More Publications

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More from the Author
  • Burning the Sails to Save the Ship: The Pilati Family Dilemma By: Lauren Cohen, Hao Gao, Jiawei Ye and Grace Headinger
  • Between Two Minds: The Staglin Family By: Lauren Cohen, Ronnie Stangler and Grace Headinger
  • For God, Family & Steel: Lerman Enterprises By: Lauren Cohen, Andres Aradillas Fernandez and Grace Headinger
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