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

Yu, Zhimin

 
9783659280559: CEO Compensation, Compensation Risk, and Coporate Governance: Evidence from Technology Firms

Synopsis

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.

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About the Author

Zhimin (Jimmy) Yu Ph.D. Canada

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