Efficient markets, managerial power, and CEO compensation

Artikel

The escalation in chief executive officer (CEO) pay over recent decades, both in absolute terms and in relation to the earnings of production workers, has generated considerable attention. The pay of top executives has grown noticeably in relation to overall firm profitability. The pay gap between CEOs in the US and those in other developed countries narrowed substantially during the 2000s, making top executive pay an international concern. Researchers have taken positions on both sides of the debate over whether the level of CEO pay is economically justified or is the result of managerial power.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: IZA World of Labor ; ISSN: 2054-9571 ; Year: 2014 ; Bonn: Institute for the Study of Labor (IZA)

Classification and Topics

• Classification: Wirtschaft ; Wage Level and Structure; Wage Differentials ; Personnel Economics: Compensation and Compensation Methods and Their Effects
• Subject: top executive pay ; CEO compensation

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Bognanno, Michael L.
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2014

Further information

• DOI: doi:10.15185/izawol.34
• Handle: http://hdl.handle.net/10419/125255
• Last update: 10.03.2025, 11:41 AM CET