Chen, Jean Jinghan; Zhang, Haitao; Xiao, Xinrong; Li, Weian - In: Applied Financial Economics 21 (2011) 23, pp. 1779-1791
The recent financial crisis has accelerated the debate of executive remuneration. Theoretically, there are divergences between the design of executive remuneration suggested by agency theory and reality. In this study, we contribute to this debate by re-visiting the theories underlying the...