Research Output

Compensation consultants and CEO pay

  The study examines the practice of employing multiple compensation consultants. Examining data of a sample of UK companies over the period 2003–2006 we find that CEOs receive higher equity-based pay when firms employ more than one compensation consultant. An increase in the number of compensation consultants is also associated with an increase in CEO equity-based pay, whereas no decline in CEO pay takes place when firms reduce the number of pay consultants. We also observe that the market shares of compensation consultant are positively related to CEO equity-based pay

  • Type:

    Article

  • Date:

    05 May 2014

  • Publication Status:

    Published

  • Publisher

    Elsevier

  • DOI:

    10.1016/j.ribaf.2014.05.003

  • Cross Ref:

    S0275531914000282

  • ISSN:

    0275-5319

  • Library of Congress:

    HF5601 Accounting

  • Dewey Decimal Classification:

    657 Accounting

Citation

Kabir, R., & Minhat, M. (2014). Compensation consultants and CEO pay. Research in International Business and Finance, 32, 172-189. https://doi.org/10.1016/j.ribaf.2014.05.003

Authors

Keywords

Executive compensation; CEO pay; Compensation consultant; Corporate governance;

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