Graefe-Anderson, Rachel; Pyo, Unyong; Zhu, Baoqi - In: Review of Accounting and Finance 17 (2018) 4, pp. 426-452
Purpose: This study aims to examine the impact of CEO equity-based compensation (EBC) on employee wages. It also examines the impact of EBC on average employee wages in different industries and business cycles. Design/methodology/approach: The authors use pay-performance sensitivity (PPS) to...