Download This PaperWhat is a CEO Worth? Don't Look to Peers
Directors & Boards, 2011
6 Pages Posted: 20 Feb 2019
Date Written: September 1, 2011
Abstract
We argue the reliance on peer benchmarking is the cause of increased executive compensation. This explanation accommodates both the management-capture and market-based theories about executive compensation, which are traditionally opposed to each other.
Keywords: executive compensation
Suggested Citation: Suggested Citation
Elson, Charles M. and Ferrere, Craig, What is a CEO Worth? Don't Look to Peers (September 1, 2011). Directors & Boards, 2011, Available at SSRN: https://ssrn.com/abstract=3330245
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