The Effect of Institutional Investors on The Level and Mix of CEO Compensation  

Oleh:

David, Parthiban ; Levitas, Edward ; Kochhar, Rahul

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Academy of Management Journal vol. 41 no. 2 (Apr. 1998), page 200-208.
Topik: Compensation; institutional investors; CEO compensation
Fulltext: AA36_41-02_Parthiban David.pdf (302.26KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: AA36.3 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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This study investigated the influence of institutional investors on CEO compensation policy. Results suggest that institutional owners that have only an investment relationship with a firm influence compensation in accordance with shareholder preferences to : (1) lower its level and (2) increase the proportion of long - term incentives in total compensation. However, institutions that depend on a firm for their own business are not able to influence compensation in this manner. This study extends prior research by supporting the viewpoint that the nature of ownership in a firm is an important determinant of CEO compensation.

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