Trade-Offs in the Labor Union-CEO Compensation Relationship
作者： Kevin Banning , Ted Chiles
DOI: 10.1007/BF03380050
关键词:
摘要: We examine the relationship between union presence and CEO compensation. Based on notion that taxes firm’s returns, we test whether unions successfully capture a larger share of returns with respect to captured by CEO. On average CEOs in firms are paid 19 percent less than those nonunion firms, after controlling for several determinants pay. compensation risk is lower because reduced trade-off level
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