Peer Firm Selection and Executive Compensation: The Curious Case of Dual-Role Peers

Agnes Cheng, Wenli Huang, Feng Tang, Jing Xie, Steed School of Accounting, Price College of Business, The University of Oklahoma, College of Professional and Continuing Education , The Hong Kong Polytechnic University, Hung Hom, Hong Kong, Faculty of Business Administration, University of Macau

Journal of Accounting, Auditing & Finance

Published online on June 09, 2025

Abstract

Journal of Accounting, Auditing & Finance, Ahead of Print.
We analyze firms that disclose both compensation and performance peers. We find that more than half of these peers serve a dual benchmarking function, and we refer to these peers as “dual-role” peers. We find that dual-role peers are associated with ...