Text
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 Number | Location | Available |
|---|---|---|
| PSB lt.dasar - Pascasarjana | 1 |
| 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 |
| Lampiran Berkas | Tidak Ada Data |