Block, Jörn Hendrich - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2008
agency theory, it is found that the share of base salary is higher with family-member CEOs than it is with nonfamily member …
compensation in family and non-family firms. In line with predictions of agency theory, it is
found that the share of base salary … frequentist methods.
JEL Codes: G30, J30, M52
Keywords: Executive compensation, family firms, stock options, agency theory …