| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 1002907 | Research in International Business and Finance | 2014 | 18 Pages |
Abstract
The study examines the practice of employing multiple compensation consultants. Examining data of a sample of UK companies over the period 2003–2006 we find that CEOs receive higher equity-based pay when firms employ more than one compensation consultant. An increase in the number of compensation consultants is also associated with an increase in CEO equity-based pay, whereas no decline in CEO pay takes place when firms reduce the number of pay consultants. We also observe that the market shares of compensation consultant are positively related to CEO equity-based pay.
Graphical abstractThe number of compensation consultants employed by UK firms.Figure optionsDownload full-size imageDownload as PowerPoint slide
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Rezaul Kabir, Marizah Minhat,