Iscuss whether economic theory and the available empirical evidence justi

The Productivity Commissions Inquiry into Executive Compensation in Aus-
tralia reported that strong growth in executive remuneration from the 1990s
to 2007, and instances of large payments despite poor company performance,
have fuelled community concerns that executive remuneration is out of con-
trol.Discuss whether economic theory and the available empirical evidence
justi es high executive compensation.
In your assignment you must discuss at least three relevant research papers (published in
economics journals) and discuss their ndings. Credit will be given for nding appropri-
ate papers and referencing all papers appropriately. The papers given in the empirical
evidence section below can contribute to satisfying this requirement, but you may choose
three dierent papers.