Executive compensation and the performance of the firm
| Data(s) |
1992
|
|---|---|
| Resumo |
A sample of large industrial corporations is examined to determine whether there is a relationship between the levels of compensation received by the senior executives of those firms and the firms' economic performances. We find consistent evidence of such a relationship, with differences across firms in the total compensation of their three highest-paid officers being positively related to differences in both the common stock returns and operating profitability of the firms. The implication is that compensation packages are designed to reduce agency costs. |
| Formato |
application/pdf |
| Identificador |
Loderer, Claudio; Lewellen, Wilbur; Martin, Kenneth; Blum, Gerald (1992). Executive compensation and the performance of the firm. Managerial and Decision Economics, 13(1), pp. 65-74. Wiley 10.1002/mde.4090130108 <http://dx.doi.org/10.1002/mde.4090130108> doi:10.7892/boris.39535 info:doi:10.1002/mde.4090130108 urn:issn:0143-6570 |
| Idioma(s) |
eng |
| Publicador |
Wiley |
| Relação |
http://boris.unibe.ch/39535/ |
| Direitos |
info:eu-repo/semantics/restrictedAccess |
| Fonte |
Loderer, Claudio; Lewellen, Wilbur; Martin, Kenneth; Blum, Gerald (1992). Executive compensation and the performance of the firm. Managerial and Decision Economics, 13(1), pp. 65-74. Wiley 10.1002/mde.4090130108 <http://dx.doi.org/10.1002/mde.4090130108> |
| Palavras-Chave | #330 Economics |
| Tipo |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion PeerReviewed |
