Resource type
Date created
2014-12
Authors/Contributors
Author: Li, Jinzhi
Author: Peng, Xinjie
Abstract
In this study, we examine the correlation between managerial pay dispersion and firm performance. We conduct a horse race between two different theories---tournament theory versus behavioral theory. We come to the conclusion that firm performance, measured by abnormal return, is positively associated wtih managerial compensation dispersion. The result is in consistent with the tournament theory.
Document
Description
MSc in Finance Project-Simon Fraser University
Copyright statement
Copyright is held by the author(s).
Scholarly level
Peer reviewed?
No
Language
English
Member of collection
Download file | Size |
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EXECUTIVE COMPENSATION DISPERSION AND FIRM PERFORMANCE_Jinzhi Li_Xinjie Peng.pdf | 484.52 KB |