Fernández Méndez, Carlos; Arrondo García, Rubén; … - In: Business research quarterly : BRQ 27 (2024) 4, pp. 423-442
We study the effects of family control on CEO pay from the perspective of behavioral agency model (BAM), with … family firms present lower total and variable CEO pay, showing also less pay disparity between the CEO and other top … CEO pay and present high pay disparity. The BAM and family's aversion to socioemotional wealth loss can explain the …