What do we know about executive compensation at small privately held firms?

Rebel Cole and Hamid Mehran

Small Business Economics, 2016, vol. 46, issue 2, 215-237

Abstract: We examine executive compensation using data from two nationally representative samples of small privately held US corporations conducted 10 years apart—in 1993 and 2003. We find that executive pay at small privately held firms increases with firm size and varies widely by industry, consistent with stylized facts about executive pay at public companies. From 1993 to 2003, inflation-adjusted executive pay declined at small privately held companies, in contrast to the run-up in executive pay at large public companies over the same period. Executive pay is higher at more complex organizations, is inversely related to CEO ownership and financial risk and is related to CEO age, education and gender. Copyright Springer-Verlag (outside the USA) 2016

Keywords: CEO; Compensation; Executive pay; Organizational form; SSBF; H24; H25; G32; J33; M13; M52 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:kap:sbusec:v:46:y:2016:i:2:p:215-237

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DOI: 10.1007/s11187-015-9689-2

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