CEO Compensation, Compensation Risk, and Coporate Governance : Evidence from Technology Firms

ISBN-13: 9783659280559 / Angielski / Miękka / 2012 / 64 str.

Zhimin Yu

Opis

Literature suggests that CEOs of technology firms earn higher pay than CEOs of non-technology firms. I investigate whether compensation risk explains the difference in compensation between technology firms and non-technology firms. Controlling for firm size and performance, I find that CEOs in technology firms have higher pay, but also have much higher compensation risk compared to non-technology firms. Compensation risk explains the major part of the difference in CEO pay. My study is consistent with the labor market economics view that CEOs earn competitive risk-adjusted total compensation.

O autorze

Zhimin (Jimmy) Yu Ph.D. Canada