A model of the determinants of chief executive (CEO) compensation is presented and tested. Based on a sample from the leisure industry, the study finds that CEO pay has complex links to several factors: firm size, complexity, performance, CEO power, board vigilance, and the CEO's human capital. The study includes a separate examination of CEO salary and bonus, as well as a test of pay determination across McEachern's (1975) ownership categories.
|Original language||English (US)|
|Number of pages||14|
|Journal||Strategic Management Journal|
|State||Published - Jan 1 1989|
All Science Journal Classification (ASJC) codes
- Business and International Management
- Strategy and Management