Purpose - The goal of our study was to examine the extent to which CEOs deserve the pay they receive both in terms of over as well as underpayment.Design/methodology/approach – Rather than using the traditional normal distribution view in which CEO performance clusters around the mean with relatively little variance, we adopt a novel power law approach. We studied 22 industries and N = 4,158 CEO-firm combinations for analyses based on Tobin’s Q and N = 5,091 for analyses based on return on assets. Regarding compensation, we measured the CEO distribution based on total compensation and three components of CEO total pay: salary, bonus, and value of options exercised.Findings - 86% of CEO performance and 91% of CEO pay distributions fit a pow...
This paper provides a brief review of the state of knowledge in the field of agency theory. The mana...
With its increase of 571% between 1990 and 2000, chief executive officer compensation has become a t...
Agency theory describes the conflict of interest between the principal (stockholders) and the agent ...
In this study we introduce a justice perspective to examining the result of bargaining between CEOs ...
We study how the CEO's power over the board of directors affects pay levels and the structure of opt...
This paper examines variations in executive pay as a function of CEO power. We assume that CEOs opti...
Although studies about the determinants of CEO compensation are ubiquitous, the balance of evidence ...
Manuscript TypeEmpirical Research Question/IssueThis study applies the statistical properties of Ben...
We examine whether legal institutions affect the balance of power between CEOs and shareholders. Par...
The theory and reality of chief executive compensation is explored in this paper. The study here use...
Using a pooled cross-sectional, time-series regression approach, this study investigates the effects...
In this paper, the main research question is that the say on pay law decelerates CEOs compensation g...
This paper presents three different hypotheses that attempt to explain the CEO compensation structur...
Much of the scholarship on executive compensation that appears in law reviews assumes that large U.S...
© 2017 Elsevier Ltd This paper uses the CEO Pay Slice (CPS) to provide insight into the managerial p...
This paper provides a brief review of the state of knowledge in the field of agency theory. The mana...
With its increase of 571% between 1990 and 2000, chief executive officer compensation has become a t...
Agency theory describes the conflict of interest between the principal (stockholders) and the agent ...
In this study we introduce a justice perspective to examining the result of bargaining between CEOs ...
We study how the CEO's power over the board of directors affects pay levels and the structure of opt...
This paper examines variations in executive pay as a function of CEO power. We assume that CEOs opti...
Although studies about the determinants of CEO compensation are ubiquitous, the balance of evidence ...
Manuscript TypeEmpirical Research Question/IssueThis study applies the statistical properties of Ben...
We examine whether legal institutions affect the balance of power between CEOs and shareholders. Par...
The theory and reality of chief executive compensation is explored in this paper. The study here use...
Using a pooled cross-sectional, time-series regression approach, this study investigates the effects...
In this paper, the main research question is that the say on pay law decelerates CEOs compensation g...
This paper presents three different hypotheses that attempt to explain the CEO compensation structur...
Much of the scholarship on executive compensation that appears in law reviews assumes that large U.S...
© 2017 Elsevier Ltd This paper uses the CEO Pay Slice (CPS) to provide insight into the managerial p...
This paper provides a brief review of the state of knowledge in the field of agency theory. The mana...
With its increase of 571% between 1990 and 2000, chief executive officer compensation has become a t...
Agency theory describes the conflict of interest between the principal (stockholders) and the agent ...