haku: @indexterm BARGAINING / yhteensä: 425
viite: 47 / 425
| Tekijä: | Ryan, H. E. Jr. Wiggins, R. A. III |
| Otsikko: | Who is in whose pocket? Director compensation, board independence, and barriers to effective monitoring |
| Lehti: | Journal of Financial Economics
2004 : SEP, VOL. 73:3, p. 497-524 |
| Asiasana: | Agency theory Bargaining Board of directors Compensation Regulations |
| Kieli: | eng |
| Tiivistelmä: | The authors use a bargaining framework to examine empirically the regulations between director compensation and board-of-director independence. Evidence suggests that independent directors have a bargaining advantage over the CEO that results in compensation more closely aligned with shareholdersÂ’ objectives. Companies with more outside members on their board use more equity-based compensation to directors. |
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