Are Company Founders Underpaid?

This paper examines the relation between founder status and CEO compensation in publicly listed US firms. The results suggest that CEO/founders receive lower cash pay and total compensation compared to professional managers. In contrast, CEOs who are relatives of the founders receive similar cash pay and total compensation to that of professional managers. Different compensation levels also emerge in terms of stock option awards. The findings underline the importance of distinguishing among these three CEO types when examining the determinants of executive compensation

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Year of publication:	[2013]
Authors:	Tzioumis, Konstantinos
Publisher:	[2013]: [S.l.] : SSRN

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Extent:	1 Online-Ressource (29 p)
Type of publication:	Book / Working Paper
Notes:	In: Applied Economics, Vol. 45(18), 2013 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 8, 2011 erstellt
Other identifiers:	10.2139/ssrn.1032792 [DOI]
Classification:	G30 - Corporate Finance and Governance. General ; J33 - Compensation Packages; Payment Methods ; M52 - Compensation and Compensation Methods and Their Effects (stock options, fringe benefits, incentives, family support programs)
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012711290