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Executive compensation-where have you been, and where are you going?
| Content Provider | Semantic Scholar |
|---|---|
| Author | Ellis, Nick |
| Copyright Year | 2013 |
| Abstract | Executive compensation is an extensively researched and highly complex topic. This paper attempts to shed some light on the vast literature encompassing this topic. First, I provide background on the major works in executive compensation and agency theory over the last 80 years. Subsequently, I describe the more recent debate between proponents of the managerial power hypothesis and holders of the optimal contracting viewpoint. This discussion includes theoretical and empirical research supporting each side of the debate. I then transition into a more specific discussion of the inherent complexities of executive compensation and of the most recent research on modeling an optimal CEO contract. I highlight several unanswered questions and briefly discuss areas for future research. * Ellis is a PhD student in the Department of Finance, Terry College of Business, University of Georgia, Room G13 Brooks Hall, 310 Herty Drive, Athens, GA 30602. (Email: ncellis@uga.edu; Phone: 623-687-5647). For his helpful comments and guidance, the author thanks Stu Gillan. Any errors or omissions are the author’s alone. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://media.terry.uga.edu/socrates/publications/2014/02/Executive_Compensation_Ellis_1.pdf |
| Alternate Webpage(s) | https://athenaeum.libs.uga.edu/bitstream/handle/10724/36418/ellis_2013.__executive_compensation.pdf?isAllowed=y&sequence=1 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
