Ntim, Collins G.; Lindop, Sarah; Osei, Kofi A.; Thomas, … - In: Managerial and Decision Economics 36 (2015) 2, pp. 67-96
This paper investigates the association between executive compensation and performance. It uniquely utilises a comprehensive set of corporate governance mechanisms within a three‐stage least squares (3SLS) simultaneous equation framework. Results based on estimating a conventional single...