Political Constraints on Executive Compensation: Evidence from the Electric Utility Industry
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This study explores the effect of regulatory and political constraints on the level of CEO compensation for 87 state-regulated electric utilities during 1978-1990. The results suggest that political pressures may constrain top executive pay levels in this industry. First, CEOs of firms operating in
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美国国家经济研究局创建时间：
1994-12-01
