Year: 2014
Type: article
Abstract: In this study, we examine the correlation between managerial pay dispersion and firm performance. We conduct a horse race between two different theories---tournament theory versus behavioral theory. We come to the conclusion that firm performance, measured by abnormal return, is positively associated wtih managerial compensation dispersion. The result is in consistent with the tournament theory.
Source: Summit (Simon Fraser University)
Authors: Jinzhi Li, Xinjie Peng
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W116895989