CEO Compensation, Compensation Risk, and Coporate Governance: Evidence from Technology Firms

Yu, Zhimin

ISBN 10: 3659280550 / ISBN 13: 9783659280559

Published by LAP LAMBERT Academic Publishing, 2012

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Bibliographic Details

• Title: CEO Compensation, Compensation Risk, and Coporate Governance: Evidence from Technology Firms
• Publisher: LAP LAMBERT Academic Publishing
• Publication Date: 2012
• Language: English
• ISBN 10: 3659280550
• ISBN 13: 9783659280559
• Binding: paperback
• Condition: New
• Book Type: book

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Synopsis

Literature suggests that CEOs of technology firms earn higher pay than CEOs of non-technology firms. I investigate whether compensation risk explains the difference in compensation between technology firms and non-technology firms. Controlling for firm size and performance, I find that CEOs in technology firms have higher pay, but also have much higher compensation risk compared to non-technology firms. Compensation risk explains the major part of the difference in CEO pay. My study is consistent with the labor market economics view that CEOs earn competitive risk-adjusted total compensation.

About the Author

Zhimin (Jimmy) Yu Ph.D. Canada