Top executive pay and firm performance

Autor: Mark A. Wilson, Thomas I. Chacko, Ellen J. Mullen, Charles B. Shrader
Rok vydání: 1992
Předmět:
Zdroj: Journal of Business and Psychology. 6:495-501
ISSN: 1573-353X
0889-3268
DOI: 10.1007/bf01014180
Popis: A study examining longitudinal data obtained from theDisclosure database for 390 large American firms yielded complex and unclear patterns of correlations between firm performance and executive pay. An examination of the data indicates that the relationship between firm performance and executive compensation may be nonlinear. Among performance measures, total assets was found to have the strongest association with executive pay. It was concluded that the scale of discretionary resources available to the firm better predicts executive pay than profitability or efficiency ratios.
Databáze: OpenAIRE