This paper investigates the impact of family control and institutional investors on CEO pay packages in Continental …-2008. We find that family control curbs the level of CEO total compensation which includes both cash and equity …-based compensation. This effect is particularly accentuated in firms with family CEOs, indicating that controlling families do not use …

This paper investigates the impact of family control and institutional investors on CEO pay packages in Continental … that family control curbs the level of CEO total and cash compensation, and the fraction of equity-based compensation …. Moreover, we do not observe a significant effect of family control on the excess level of total and cash compensation. This …