Shen, Wei; Gentry, Richard J.; Tosi Jr., Henry L. - In: Journal of Business Research 63 (2010) 7, pp. 729-734
We investigate the impact of pay on CEO turnover from two perspectives. One is managerial power perspective that focuses on power in the setting of CEO pay. The other is tournament theory that treats CEO pay as a top prize designed to motivate executives to work hard for the top position....