Are CEO's paid their marginal product? An empirical analysis of executive compensation and corporate performance

Mark Klinedinst

MPRA Paper from University Library of Munich, Germany

Abstract: The theory and reality of chief executive compensation is explored in this paper. The study here uses a panel of data on 143 executives from America’s largest corporations. The results suggest that earlier theoretical expectations and empirical findings of compressed wage scales may not hold when top-level managers are included.

Keywords: compensation; executive; marginal products (search for similar items in EconPapers)
JEL-codes: C91 C92 D24 J30 J33 (search for similar items in EconPapers)
Date: 1991-06
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Published in Australian Bulletin of Labor No. 2.17(1991): pp. 118-131

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:36650

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