Does a “CEO chairman ” guarantee better performance from a firm ?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F16%3A70964" target="_blank" >RIV/60460709:41110/16:70964 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1515/danb-2016-0009" target="_blank" >http://dx.doi.org/10.1515/danb-2016-0009</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1515/danb-2016-0009" target="_blank" >10.1515/danb-2016-0009</a>
Alternative languages
Result language
angličtina
Original language name
Does a “CEO chairman ” guarantee better performance from a firm ?
Original language description
This paper provides a brief review of the state of knowledge in the field of agency theory. The managerial power approach assumes that a chief executive officer is able to affect the scale of his or her pay. However, Kaplan (2012) and others see a different picture of the corporate-governance landscape, hence they provide certain market-based explanations for high compensation. Our paper examines the relationship between a firm’s performance and the amount of managerial compensation, and the ability of a CEO to affect a board’s decision regarding his or her total compensation. The dataset consists of 75 companies traded in the capital market in the US. Our panel dataset covers a 10-year period from 2004 to 2013. We developed a single equation panel data model. The resulting parameter values provide a different picture of CEO power and the interconnection between a firm’s performance and CEO pay in both sectors.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Danube: Law and Economics Review
ISSN
1804-8285
e-ISSN
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Volume of the periodical
7
Issue of the periodical within the volume
3
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
16
Pages from-to
145-160
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-84994444668