Call for Papers
Regulation and Disclosure of Executive Compensation

European Accounting Review

Guest Editors:
- Fabrizio Ferri, Columbia University
- Robert F. Goex, University of Zurich, Switzerland

In an attempt to improve the corporate governance in public firms and to mitigate potential conflicts of interest between shareholders and directors, legislators and regulators all over the world have adopted a wide range of regulatory activities regarding the remuneration of executives in listed firms. For example, the European Commission has issued several recommendations to the Member States of the European Union in order to encourage the implementation of appropriate remuneration policies and compensation practices, more detailed disclosure requirements, as well as a higher level of control for independent directors and shareholders within the pay setting process. More recently, the European Commission has paid particular attention to the pay structures within the financial service sector and its suggested impact on the risk-taking incentives of relevant decision makers in financial institutions. In the United States, new accounting rules for equity-based compensation were introduced in 2004. In 2007, the SEC revamped the rule governing compensation disclosures. In 2008, the US Treasury Department imposed restrictions on executive pay at firms receiving funds under the TARP program. More recently, the Dodd-Frank Act has mandated the adoption of "say on pay" votes, following the example of the United Kingdom and other European countries. Moreover, there are important international differences among the regulatory measures (even within the European Union). The diversity of regulatory approaches makes the analysis of the subject challenging and raises the question how differences in regulatory design affect compensation decisions, accounting and stock performance as well as other economic variables.

TOPICS: This special issue of the European Accounting Review aims to examine the (potential) consequences of the different regulatory measures and disclosure requirements that have been proposed or adopted in various countries. Appropriate research topics for the special issue include, but are not be limited to, the following:
- Relation between detailed compensation disclosure and the intensity of competition
- Impact of detailed remuneration disclosure for individual directors on firms' compensation decisions and the level of executive pay
- Consequences of "say on pay" on firms' compensation practices and disclosures, with emphasis on differential effects across countries
- Impact of limits on the structure and level of compensation on executives' incentives
- Effects of differential taxation of individual pay components such as a bonus tax
- Role of clawbacks and deferred performance pay in compensation contracts
- Role of supervisory authorities in regulating pay in financial institutions
- Effect of media coverage, governance rating agencies and proxy advisors on executive pay practices
- Effect of compensation-related regulation on the executive labor market
- Market reactions on the introduction of regulatory changes

EAR is committed to publishing innovative and original work that meets the highest standards of methodological rigor. Emerging scholars are especially encouraged to submit their work (to the Young Scholars Track). EAR welcomes papers regardless of research paradigm or disciplinary foundation. Papers using analytical approaches (both mathematical modeling and qualitative reasoning), experimentation, field study methods, surveys, and empirical-archival methods will be considered.

PAPER SUBMISSION PROCEDURE: Papers submitted to this special session will be subject to a double blind review process. Authors are encouraged to contact the guest editors in advance should there be any matters on which they require clarification or guidance (ff2270@columbia.edu or robert.goex@business.uzh.ch). Authors should submit manuscripts via the ScholarOne manuscript submission site: http://mc.manuscriptcentral.com/rear. To assure a timely handling of manuscripts, authors should not submit papers before April 1, 2013.

The final deadline for submissions is August 31, 2013.