Francis, Bill; Hasan, Iftekhar; John, Kose; Sharma, Zenu - In: Journal of Corporate Finance 23 (2013) C, pp. 39-53
This paper examines whether asymmetric benchmarking of pay exists for vice presidents (VPs). Using ExecuComp data for … benchmarking of VP pay is mitigated by governance, CEO power, gender, and industry factors. The presence of asymmetric benchmarking … performance to prevent them from accessing outside opportunities. We find that unlike CEOs, asymmetric benchmarking of pay for VPs …