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Executive Compensation and Shareholder Value

Name: Executive Compensation and Shareholder Value
Brand: Springer-Verlag New York Inc.
SKU: 01423414
Price: 65369 HUF
Availability: InStock
Author: Jennifer Carpenter
ISBN: 9781441950413

Theory and Evidence

Jennifer Carpenter

D. Yermack

Language

English

Book Paperback

Libristo code: 01423414

Publishers Springer-Verlag New York Inc., December 2010

Executive compensation has gained widespread public attention in recent years, with the pay of top U... Full description

Libristo code: 01423414

434 b

65 369 Ft

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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.