Compensation Consultants and the Level, Composition, and Complexity of CEO Pay

We provide fresh evidence regarding the relation between compensation consultants and CEO pay. First, firms that employ consultants have higher-paid CEOs—this result is robust to firm fixed effects and matching on economic and governance variables. Second, while this relation is partly due to consul...

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Veröffentlicht in:	The Accounting review 2020-01, Vol.95 (1), p.311-341
Hauptverfasser:	Murphy, Kevin J., Sandino, Tatiana
Format:	Artikel
Sprache:	eng
Schlagworte:	Chief executive officers Chief executives Compensation Complexity Conflicts of interest Consultants Corporate governance Executive compensation Governance Incentive plans Stockholders
Online-Zugang:	Volltext
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