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Introduction -- Theoretical Foundations: The Organizational Context and High Reliability Theory -- Theoretical Foundations: The Collaborative Context -- Theoretical Foundations: The Decision-Making Context -- Conceptualized Research Model and Conceptual Connections -- Research Approach and...
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There is a debate on whether executive pay reflects rent extraction due to "managerial power" or is the result of arms-length bargaining in a principal-agent framework. In this paper we offer a test of the managerial power hypothesis by empirically examining the CEO compensation of U.S. public...
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