| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 9549473 | Economics Letters | 2005 | 6 Pages |
Abstract
This paper presents a model where a board of directors not completely independent from the CEO set the CEO's pay. We show that the board's monitoring intensity and the equilibrium pay-performance sensitivity of CEO's pay are increasing in the board's independence.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Saltuk Ozerturk,