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dc.contributor.authorFrydman, Carola
dc.contributor.authorJenter, Dirk
dc.date.accessioned2011-09-23T20:06:13Z
dc.date.available2011-09-23T20:06:13Z
dc.date.issued2010-12
dc.identifier.issn1941-1375
dc.identifier.issn1941-1367
dc.identifier.urihttp://hdl.handle.net/1721.1/65955
dc.description.abstractThis paper surveys the recent literature on CEO compensation. The rapid rise in CEO pay over the past 30 years has sparked an intense debate about the nature of the pay-setting process. Many view the high level of CEO compensation as the result of powerful managers setting their own pay. Others interpret high pay as the result of optimal contracting in a competitive market for managerial talent. We describe and discuss the empirical evidence on the evolution of CEO pay and on the relationship between pay and firm performance since the 1930s. Our review suggests that both managerial power and competitive market forces are important determinants of CEO pay, but that neither approach is fully consistent with the available evidence. We briefly discuss promising directions for future research.en_US
dc.language.isoen_US
dc.publisherAnnual Reviewen_US
dc.relation.isversionofhttp://dx.doi.org/10.1146/annurev-financial-120209-133958en_US
dc.rightsCreative Commons Attribution-Noncommercial-Share Alike 3.0en_US
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/3.0/en_US
dc.sourceMIT web domainen_US
dc.titleCEO Compensationen_US
dc.typeArticleen_US
dc.identifier.citationFrydman, Carola, and Dirk Jenter. “CEO Compensation.” Annual Review of Financial Economics 2 (2010): 75-102.en_US
dc.contributor.departmentSloan School of Managementen_US
dc.contributor.approverFrydman, Carola
dc.contributor.mitauthorFrydman, Carola
dc.relation.journalAnnual Review of Financial Economicsen_US
dc.eprint.versionAuthor's final manuscripten_US
dc.type.urihttp://purl.org/eprint/type/JournalArticleen_US
eprint.statushttp://purl.org/eprint/status/PeerRevieweden_US
dspace.orderedauthorsFrydman, Carola; Jenter, Dirken
mit.licenseOPEN_ACCESS_POLICYen_US
mit.metadata.statusComplete


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