haku: @author Boyd, B. / yhteensä: 3
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| Tekijä: | Boyd, B. |
| Otsikko: | Board control and CEO compensation |
| Lehti: | Strategic Management Journal
1994 : JUN, VOL. 15:5, p. 335-344 |
| Asiasana: | BOARD OF DIRECTORS AGENCY THEORY STRATEGY |
| Kieli: | eng |
| Tiivistelmä: | The board of directors has been identified as a key internal control mechanism for setting CEO compensation. Theory suggests that CEOs will attempt to circumvent board control in an effort to maximize salary. This hypothesis was tested using a sample of 193 firms in a cross section of industries. Corporate governance literature was reviewed to develop a multiple indicator measure of board control, CEO compensation was not significantly related to firm size or profitability. |
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