Title of article :
Board independence and CEO pay
Author/Authors :
Saltuk Ozerturk، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2005
Abstract :
This paper presents a model where a board of directors not completely independent from the CEO set the CEOʹs pay. We show that the boardʹs monitoring intensity and the equilibrium pay-performance sensitivity of CEOʹs pay are increasing in the boardʹs independence.
Keywords :
Board independence , monitoring , managerial compensation , Pay-performance sensitivity
Journal title :
Economics Letters
Journal title :
Economics Letters
