Frydman, Carola - In: CESifo economic studies : CESifo, a joint initiative of … 55 (2009) 3/4, pp. 458-481
In recent years, a large academic debate has tried to explain the rapid rise in CEO pay experienced over the past three decades. In this article, I review the main proposed theories, which span views of compensation as the result of a competitive labor market for executives to theories based on...
