Do CEOs Set Their Own Pay? The Ones Without Principals Do
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We empirically examine two competing views of CEO pay. In the contracting view, pay is used to solve an agency problem: the compensation committee optimally chooses pay contracts which give the CEO incentives to maximize shareholder wealth. In the skimming view, pay is the result of an agency
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美国国家经济研究局创建时间：
2000-03-01
