Rose, Nancy L.; Shepard, Andrea - In: RAND Journal of Economics 28 (1997) 3, pp. 489-514
Investigating the relationship between CEO compensation and firm diversification over 1985-1990, we find that the CEO of a firm with two lines of business averages 13% more in salary and bonus than the CEO of a similar-sized but undiversified firm, ceteris paribus. We explore two potential...