| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5092309 | Journal of Comparative Economics | 2012 | 22 Pages |
Abstract
⺠We study the effect of large shareholders on the compensation of managers. ⺠We use data from 3 Latin-American countries where large shareholders are prevalent. ⺠Professional CEOs in firms controlled by families make 30% more on average. ⺠The premium cannot be explained by standard firm or manager characteristics. ⺠Largest premium in family firms with absent founders and participating sons.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Francisco Gallego, Borja Larrain,