The relationship between CEO pay and performance has been much analyzed in the management and economics literature. This study analyzes the structure of executive compensation in family and non-family firms. In line with predictions of agency theory, it is found that the share of base salary is...

This paper investigates the effects of funding from family and friends (i.e. informal funding) on start-ups' subsequent access to venture capital. We retrieve information on young U.S. firms' financing activity from a novel dataset based on private placements filings (Form Ds). To address...