Choe, Chongwoo; Tian, Gloria Y.; Yin, Xiangkang - In: International Review of Financial Analysis 35 (2014) C, pp. 237-248
This paper fleshes out the rent extraction view of CEO compensation put forward by the managerial power theory (Bebchuk … a measure of CEO power most relevant to managerial power theory, we use the CEO pay slice due to Bebchuk, Cremers, and … power and pay is largely supported. Our findings suggest that the managerial power theory has relevance in explaining the …