search query: @journal_id 80 / total: 385
reference: 7 / 385
| Author: | Fosberg, R. James, J. |
| Title: | Bond rating changes and CEO compensation |
| Journal: | Managerial Finance
1995 : VOL. 21:2, p. 12-23 |
| Index terms: | COMPENSATION CHIEF EXECUTIVE OFFICERS BOND RATINGS CHANGE |
| Language: | eng |
| Abstract: | Jensen and Murph (1990) and others have found a small but statistically significant relationship between firm performance and executive compensation. In this study the authors investigate the pay-performance relationship further by considering the relationship between an outside measure of firm performance and the contemporaneous change in the compensation of the firm's CEO. The authors find that when a firm's bond rating is downgraded, CEO total compensation declines by a relatively small amount. |
SCIMA