Compensation Consultant Fees and CEO Pay
作者： Jeh-Hyun Cho , Jeong-Hoon Hyun , Jae Yong Shin
DOI: 10.2139/SSRN.2615675
关键词:
摘要: While compensation consultants are known to play an important role in the design of executive contracts, evidence on effect CEO pay is mixed. Using a sample 3,198 consultant engagements and 576 consulting fee observations from S&P 1500 firms for fiscal years 2009 2011, we examine relation between (EC) fees non-EC paid pay. We find that higher when receive EC fees. Additional analysis suggests recommend they greater than expected consulting. further positive association driven largely by weakly governed firms. limited evidence, however, consultants’ cross-selling incentives associated with
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