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Division director versus CEO compensation: new insights into the determinants of executive pay

The authors highlight the importance of firm structure for the optimal compensation contracts of upper-management positions. Making use of task similarity between CEOs of undiversified firms and division directors within larger corporations, the authors analyze trade-offs between monitoring and incentive pay at below-CEO levels. Because division directors are subject to an additional layer of monitoring by upper management, they should receive less incentive pay and lower compensation than do CEOs of undiversified firms, whereas added complexity because of higher levels of diversification will predictably alter these relationships. Matched pair regressions on a unique data set support the authors' hypotheses..Printed journal

Ketersediaan

Call NumberLocationAvailable
PSB lt.dasar - Pascasarjana1
Penerbit Southern Management Association.,
Edisi -
Subjek Monitoring
Incentive pay
Compensation structure
Strategic business unit managers
ISBN/ISSN 1492063
Klasifikasi -
Deskripsi Fisik -
Info Detail Spesifik -
Other Version/Related Tidak tersedia versi lain
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