Choe, Chongwoo; Tian, Gloria; Yin, Xiangkang - Department of Econometrics and Business Statistics, … - 2008
. Our theoretical model follows the rent extraction view of CEO compensation put forward by the managerial power theory, and … between power and firm performance as predicted by theory has mixed support. This suggests that, while the managerial power … better understanding of how managerial power affects firm performance. …