Choe, Chongwoo; Tian, Gloria; Yin, Xiangkang - Volkswirtschaftliche Fakultät, … - 2009
We study theoretically and empirically the relation among CEO power, CEO pay and firm performance. Our theoretical model follows the rent extraction view of CEO compensation put forward by the managerial power theory. We test our theoretical findings using the sample of S&P1500 firms. The...