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| Tekijä: | Kren, L. Kerr, J. L. |
| Otsikko: | The effects of outside directors and board shareholdings on the relation between chief executive compensation and firm performance |
| Lehti: | Accounting and Business Research
1997 : AUTUMN, VOL. 27:4, p. 297-309 |
| Asiasana: | DIRECTORS SHARE OWNERSHIP COMPANY PERFORMANCE CHIEF EXECUTIVE OFFICERS COMPENSATION |
| Kieli: | eng |
| Tiivistelmä: | This paper examines empirically the proposition that chief executive compensation is more closely linked to corporate performance in companies with high outsider boards and boards with significant shareholdings, than in companies with other board characteristics. Critics for corporate governance have called for regulation of these two variables as important factors in the board's ability to represent shareholders' interests. The results are mixed. The proposition that board ownership would be associated with a closer performance-compensation link was supported by the data. |
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