The Effects of Internationalization on CEO Compensation

Arbeitspapier

This study examines the relation between the internationalization of firms and CEO compensation. Starting from a sample of Norwegian and Swedish listed firms we analyze the effects of internationalization as manifest in the capital market (international cross-listing), the market for corporate control (foreign board membership), and the product and service market (export and foreign sales). We conclude that all three markets contribute positively to the compensation level of CEOs. We argue that part of the higher CEO compensation in internationally oriented firms - as compared to less internationalized firms within the same country - reflects a risk premium for reduction in job security.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IUI Working Paper ; No. 611

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance ; Contract Law ; Business Administration: General ; Personnel Management; Executives; Executive Compensation
• Thema: CEO Compensation ; Internationalization ; Corporate Governance ; CEO Tenure ; Cross-Listing ; Foreign Board Membership ; Führungskräfte ; Vergütungssystem ; Multinationales Unternehmen ; Norwegen ; Schweden

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Oxelheim, Lars ; Randøy, Trond
• Ereignis: Veröffentlichung
• (wer): The Research Institute of Industrial Economics (IUI)
• (wo): Stockholm
• (wann): 2004

Weitere Informationen

• Handle: http://hdl.handle.net/10419/81267
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ