Abstract
This study attempts to examine a different spectrum of CEO compensation and economic performance in small- and medium- sized firms in America. Particularly, this study explores the directions and magnitudes of the relationships between compensation variables (cash-based short-term vs. long-term compensation) and economic performance (accounting- and market-based performance) after controlling for other interacting factors like CEO tenure, CEO stock ownership, and industry type. The researchers find that CEOs compensation in small- and medium-sized firms, in different types of industries, is positively linked to those firms' economic performance, particularly with respect to market-based performance. With respect to the control variables, only the CEO's stock ownership shows a significantly positive sign in determining the CEO's compensation.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 728-743 |
| Number of pages | 16 |
| Journal | Unknown Journal |
| Volume | 17 |
| Issue number | 7 |
| DOIs | |
| State | Published - 1999 |
All Science Journal Classification (ASJC) codes
- Industrial relations
- General Engineering
- Computer Science Applications
- Strategy and Management
- Law