Ghosh, Chinmoy; Sirmans, C. - In: The Journal of Real Estate Finance and Economics 30 (2005) 4, pp. 397-428
In a perfect world where the board of directors is independent of CEO influence, CEO pay-for-performance compensation contracts should be a function of performance only. If the CEO can influence board structure through his ownership of company stock or chairmanship of the board, however,...
