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This study examines relative performance evaluation (RPE) for the compensation of CEOs of business groups called “chaebols” in Korea. We find strong evidence of RPE when peers are other member firms in the same business group, particularly when a firm has an established compensation or is...
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This study examines relative performance evaluation (RPE) for the compensation of CEOs of business groups called “chaebols” in Korea. We find strong evidence of RPE when peers are other member firms in the same business group, particularly when a firm has an established compensation or is...
Persistent link: https://www.econbiz.de/10013403056
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