Author | : Lukas Hengartner |
File Size | : 42,6 Mb |
Publisher | : Springer Science & Business Media |
Language | : English |
Release Date | : 31 December 2007 |
ISBN | : 9783835093911 |
Pages | : 224 pages |
Explaining Executive Pay by Lukas Hengartner Book PDF Summary
Lukas Hengartner shows that both firm complexity and managerial power are associated with higher pay levels. This suggests that top managers are paid for the complexity of their job and that more powerful top managers receive pay in excess of the level that would be optimal for shareholders.