The Prince And The Pauper? Ceo Pay In The United States And United Kingdom  

Oleh:

Conyon, Martin J. ; Murphy, Kevin J.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 110 no. 467 (Nov. 2000), page 640-671.
Fulltext: 640.pdf (303.98KB)

Isi artikel

We document differences in CEO pay and incentives in the United States and the United Kingdom for 1997. After controlling for size, sector and other ®rm and executive characteristics, CEOs in the US earn 45% higher cash compensation and 190% higher total compensation. The calculated effective ownership percentage in the US implies that the median CEO receives 1.48% of any increase in shareholder wealth compared to 0.25% in the UK. The differences, can be largely attributed to greater share option awards in the US arising from institutional and cultural differences between the two countries.

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