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Explaining Executive Pay: The Roles of Managerial Power and Complexity

Explaining Executive Pay: The Roles of Managerial Power and Complexity

Paperback

EconomicsManagement

ISBN10: 3835005618
ISBN13: 9783835005617
Publisher: Springer Nature
Published: Oct 26 2006
Pages: 207
Weight: 0.68
Height: 0.53 Width: 5.83 Depth: 8.27
Language: English
Lukas Hengartner shows that both firm complexity and managerial power are associated with higher pay levels. This suggests that top managers are paid for the complexity of their job and that more powerful top managers receive pay in excess of the level that would be optimal for shareholders.

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Management