Do high CEO pay ratios destroy firm value?

Do high CEO pay ratios destroy firm value?

There is growing public concern over the rapid growth in CEO pay relative to average worker pay (CEO pay ratio). Critics contend that high CEO pay ratios could destroy firm value by damaging employee morale and/or signal CEO rent extraction. In this paper, we use a proprietary dataset to examine the...

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Bibliographic Details
Main Authors: CHENG, Qiang, RANASINGHE, Tharindra, ZHAO, Sha
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2017
Subjects:
pay ratio
corporate governance
firm value
acquisitions
CEO turnover-performance sensitivity
Accounting
Corporate Finance
Online Access:https://ink.library.smu.edu.sg/soa_research/1629
https://ink.library.smu.edu.sg/context/soa_research/article/2656/viewcontent/HighCEOPayRatios_2017_wp.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soa_research/1629
https://ink.library.smu.edu.sg/context/soa_research/article/2656/viewcontent/HighCEOPayRatios_2017_wp.pdf

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