The Price of a CEO's Rolodex

CEOs with large networks earn more than those with small networks. An additional connection to an executive or director outside the firm increases compensation by about $17,000 on average, more so for ldquo;importantrdquo; members such as CEOs of big firms. Pay-for-connectivity is unrelated to several measures of corporate governance, evidence in favor of an efficient contracting explanation for CEO pay

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Year of publication:	[2012]
Authors:	Engelberg, Joseph
Other Persons:	Gao, Pengjie (contributor) ; Parsons, Christopher A. (contributor)
Publisher:	[2012]: [S.l.] : SSRN

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Extent:	1 Online-Ressource (50 p)
Type of publication:	Book / Working Paper
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 2012 erstellt
Other identifiers:	10.2139/ssrn.1364595 [DOI]
Classification:	G30 - Corporate Finance and Governance. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012712349