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| Author: | Gomez-Mejia, L. R. Larraza-Kintana, M. Makri, M. |
| Title: | The determinants of executive compensation in family-controlled public corporations |
| Journal: | Academy of Management Journal
2003 : APR, VOL. 46:2, p. 226-237 |
| Index terms: | R&D Small business Family firms Chief executive officers Pay |
| Language: | eng |
| Abstract: | Family-member CEOs of family-controlled firms receive lower total income than outsider CEOs, increasingly so as family ownership concentration increases. At the same time, their pay tends to be more insulated from risk and more sensitive to systematic business risk. The presence of institutional investors and R&D intensity play important moderating roles in these relationships. |
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