Merino, Elena; Manzaneque, Montserrat; Priego, Alba Maria - In: Copernican Journal of Finance & Accounting 2 (2013) 2, pp. 125-152
This paper examines the relationship between board independence and the level and structure of directors´ compensation to determine whether this “independence” exerts a moderating effect on the different systems of remuneration granted to directors. We have developed several models based on...