Search results for "managerial power theory"

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Executive remuneration determinants: New evidence from meta-analysis

2019

This meta-analysis takes stock of 121 C.E.O. pay studies published between 1998 and 2018 with the objective of identifying the main drivers of C.E.O. pay from a global perspective and contributing to the agency vs managerial debate on this ground. The meta-results disclose a positive C.E.O. pay–performance correlation (the highest correlation coefficient corresponds to Earnings per share with a 34%) as the agency theory prescribes and the governance policies promote. However, firm size still predominates as the main driver of C.E.O. pay (correlation coefficient is around 44%) according to managerial premises. Moreover, our results reconcile both approaches because results of the meta-regres…

C.E.O. compensation; C.E.O. pay; pay–performance; corporate governance; managerial power theory; meta-analysisc.e.o. payEconomics and Econometricsmanagerial power theorybusiness.industryCorporate governancecorporate governanceAccountinglcsh:Regional economics. Space in economicsc.e.o. compensationlcsh:HD72-88lcsh:HT388lcsh:Economic growth development planningmeta-analysisMeta-analysisRemunerationpay–performanceBusinessStock (geology)Economic Research-Ekonomska Istraživanja

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PEPhysical Sciences and Engineering
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LSLife Sciences
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SHSocial Sciences and Humanities
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