Talavera, Oleksandr; Ozkan, Neslihan; Zalewska, Anna - School of Economics, University of East Anglia - 2010
The empirical literature on the effect of dispersion of executive remuneration (i.e., the intensity of a tournament structure) on the comparative performance of companies is mixed. Studies on US data tend to find strong positive effects but non-US studies tend to fail to find an effect. This...