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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Main Authors: | CHENG, Qiang, RANASINGHE, Tharindra, ZHAO, Sha |
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Format: | text |
Language: | English |
Published: |
Institutional Knowledge at Singapore Management University
2017
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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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