search query: @author Polanec, S. / total: 1
reference: 1 / 1
« previous | next »
Author: | Gregoric, A. Polanec, S. Slapnicar, S. |
Title: | Pay me right: Reference values and executive compensation |
Journal: | European Financial Management
2010 : NOV, VOL. 16:5, p. 778-804 |
Index terms: | corporate governance executive remuneration compensation pay |
Language: | eng |
Abstract: | This paper explores the importance of reference values (henceforth as: ref-vals.) for executive (here as: CEO) compensation (as: cmp.) contracts. Using a quasi-experimental setting, and a well-defined measure of individual-specific ref-vals., there is provided evidence on how a change in CEO reference cmp. leads to subsequent changes of actual pay. It is found that CEO cmp. adjusts gradually towards the new ref-vals. The speed of the adjustment is found to depend on the corporate governance characteristics. |
« previous | next »
SCIMA