La rémunération des présidents non exécutifs dépend-elle de leur capital humain ?

Géraldine Broye and Yves Moulin ()
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Géraldine Broye: LARGE - Laboratoire de Recherche en Gestion et Economie - UNISTRA - Université de Strasbourg
Yves Moulin: CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine

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Abstract: This study investigates the determinants of the compensation arrangements for outside board chairmen, and examines in particular how human capital characteristics affect chairmen salaries. Using a sample among the largest French companies over the period 2005-2011, we show that qualification, as signalled by the academic degree, enables an overrepresentation of prestigious school graduates in chairman positions without involving higher compensation. However, competence associated with experience – notably through the achievement of CEO position – influences their level of compensation.

Date: 2014
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Published in Management international = International management = Gestión internacional, 2014, 19 (1), pp.204-218. ⟨10.7202/1028500ar⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03750418

DOI: 10.7202/1028500ar

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