The Impact of Deductibility Limits on Compensation Contracts: A Theoretical Examination
In 1993, Congress passed Sec. 162(m) of the IRC. This section disallows a deduction for compensation in excess of $1 million paid to the CEO and the 4 highest compensated officers other than the CEO of a publicly traded corporation unless the excess is performance-based. This paper provides a theore...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2001
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/672 http://dx.doi.org/10.2308/jata.2001.23.s-1.52 |
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| Institution: | Singapore Management University |
| Language: | English |