Graziano, Clara; Rondi, Laura - 2015 - This draft: June 8, 2015
differentiated. Overall, the compensation of Italian CEOs is positively related to firm performance. Moreover, consistent with our … predictions, sensitivity is higher in competitive sectors and the difference between family and non-family CEOs disappear when … competition is tough. Family CEOs are significantly less paid than non-family CEOs and their pay is significantly related to firm …