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Determinants Of Ceo Pay: A Critical Assessment, W. Otto Carroll
Determinants Of Ceo Pay: A Critical Assessment, W. Otto Carroll
Theses and Dissertations in Business Administration
This research expands the study of determinants of CEO pay. Previous studies have found conflicting results regarding the importance of firm size and firm performance in influencing the amount of CEO compensation. Other studies are incomplete with respect to the measurement of both executive pay and its determinants. Traditional theories of executive compensation such as equity theory, expectancy theory, human capital and labor market theory provide the starting point for determinants of CEO pay. However, to more fully understand these determinants, the model includes a test of agency theory showing the relationship between board control and pay. It tests the …