Watson, Robert; Wilson, Nick - In: Small Business Economics 24 (2005) 5, pp. 465-476
This paper examines Board pay for a sample of 571 U.K. SMEs from 1991 to 1995. Approximately half of the sample were closely-held (i.e., owner-managed) firms which allowed empirical testing of models of the relationship between Board pay and ownership from control characteristics. Consistent...