Executive Compensation and Shareholder Value

Executive Compensation and Shareholder Value Theory and Evidence - New York University Salomon Center Series on Financial Markets and Institutions

1998

Hardback (31 Dec 1998)

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Publisher's Synopsis

Executive compensation has gained widespread public attention in recent years, with the pay of top U.S. executives reaching unprecedented levels compared either with past levels, with the remuneration of top executives in other countries, or with the wages and salaries of typical employees. The extraordinary levels of executive compensation have been achieved at a time when U.S. public companies have realized substantial gains in stock market value. Many have cited this as evidence that U.S. executive compensation works well, rewarding managers who make difficult decisions that lead to higher shareholder values, while others have argued that the overly generous salaries and benefits bear little relation to company performance. Recent conceptual and empirical research permits for the first time a truly rigorous debate on these and related issues, which is the subject of this volume.

Book information

ISBN: 9780792381792
Publisher: Springer US
Imprint: Springer
Pub date:
Edition: 1998
DEWEY: 331.281658400973
DEWEY edition: 21
Language: English
Number of pages: 159
Weight: 940g
Height: 203mm
Width: 127mm
Spine width: 11mm