Felipe Cabezón

Executive compensation is becoming increasingly homogenized. Why is this happening, and what are its consequences for companies? This forthcoming paper at JAE answers these questions. doi.org/10.1016/j.jacc… Thread below.

📢 5th DC Finance Conference Call for Papers 📍 American University, Washington, DC 🗓 June 6, 2026 Submission deadline: April 15, 2026 • Limited presentations, highly interactive • Dedicated discussants • No submission/registration fees Submit/RT: tinyurl.com/564n3h5z

La elección de Gago me parece casi peor que la de Meneghini. Es un tipo que busca jugar absolutamente diferente a lo que tiene la U para ejecutar. Otro error en un 2026 de pésimas decisiones.

No que se debe terminar la jugada?Chiqui Tagle en su esplendor.

Hay periodistas que no entendieron nada, que hablan de fallo escandaloso de la Conmebol. Organiza bien un partido, que sea seguro para locales y visitante. Y nunca serás descalificado. @gastonedul @gustavohlopez @estebanedul lamentables

Djokovic accidentally hit an official with the ball in the US open, they said rules are if you hit someone it's automatic default. Bergs hit Garin to the ground and he gets the win and Garin has to retire with the injury inflicted on him? Unbelievable.

Forthcoming in AER: Insights: "Discrimination in the Formation of Academic Networks: A Field Experiment on #EconTwitter" by Nicolás Ajzenman, Bruno Ferman, and Pedro C. Sant'Anna. aeaweb.org/articles?id=10…

2025 begins with the #Finance and #IO session I m chairing ⁦@ASSAMeeting⁩ in SFO on Sunday,with three great papers and discussants! Check them up👇

En Argentina reaccionaron al polémico gol anulado a la U: “Cómo roba Colo Colo, en Chile le regalan todo” encancha.cl/futbol-chileno…

Que clase de robo es ese. El árbitro a 2 metros ordena seguir la jugada y le dice al jugador de everton que se levante para después deshacer lo que ordenó a 2 metros. #robo #colocolo #udechile esto visto de manera imparcial.

Aquí está el golazo anulado al Lea Fernández. 1.-En el vivo el árbitro está a 1 m. y le dice que se pare al que se lanzó al piso. 2.-El lineman está de frente y tampoco cobra nada. 3.-El VAR le muestra solo una imagen y en 5 segundos lo anula… ROBO ASQUEROSO #VamosLaU 💙❤️🦉

Es un choreo total x.com/vicvillabarra/…

This is a great conference!

Hola! Todos los lunes de 9:00 a 10:00 am estaré en el programa Directo al Grano de @gonzalomuller en Radio Agricultura, hablando sobre políticas públicas y contingencia del país. Sintonízanos 😉

@joshua_t_white @AustinStarkwea1 a great paper! congratulations!!

Hoy iniciamos un camino para darle a Guayas y al Ecuador una alternativa para impulsar el cambio real que nuestra gente necesita! #SiHayAlternativa #CucalonPresidente

El miércoles 31 estaré presentando mi investigación sobre cómo mejorar la eficiencia del sector público y en particular de la salud pública. Me acompaña un gran panel para comentar y discutir los resultados. ¡Los esperamos! 🗓️ 31 de julio 📷 9 a 10 am 📷 politicaspublicas.uc.cl/evento/seminar…

What do I find? Standardization is linked to lower firm value, stock returns, and performance incentives. This is difficult to reconcile with more efficient labor markets but aligns with a one-size-fits-all trend that prevents tailoring compensation to individual firms' needs.

Is this standardization good or bad? If it comes from more efficient labor markets and informed directors, it can boost firm value. However, it can be harmful if inst investors don’t know the optimal compensation or if boards offer inferior pay plans to gain their support. 9/10

Using the 2006 CD&A rule as a shock that exogenously increased compensation disclosure, I find that higher disclosure makes compensation structures more similar across firms. Interestingly, this effect is significantly stronger with higher levels of institutional ownership. 8/10

What about compensation disclosure? Expanded disclosure can create uniformity in compensation structures if it helps companies design compensation plans by learning from their peers. Does this also play a role in the standardization? Yes. 7/10