Faculty News
Professor Luís Cabral's joint research on the relationship between relative performance evaluation and firm investment decisions is highlighted
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Exceprt from the Harvard Law blog -- "The SEC, the NYSE, and the U.S. government, accompanied by the actions of consultants, such as the Institutional Shareholder Services, recently have pushed to create, by means of relative performance evaluation (RPE), a tighter link between CEO pay and the factors under CEO control. This paper addresses the consequences of RPE for firm investment decisions and systemic risk in an industry model."
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