How does organizational structure affect executive compensation?

Changmin Lee, Hyung-goo Kang and Woonam Seok

Applied Economics Letters, 2018, vol. 25, issue 6, 405-408

Abstract: Does the rise of the CFO as the second-ranked executive increase the status of the CEO? We find that, as a CFO becomes #2, a CEO receives higher pay in relative terms compared with other top executives. This result corresponds to the literature on span-of-control of executives in top management team.

Date: 2018
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DOI: 10.1080/13504851.2017.1327116

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