Examines variations in executive pay as a function of chief executive officer (CEO) power. Assumption that CEO optimize their pay conditional upon their ability to shape decisions that favor their interests; Inference of power from overt manifestations and covert sources; Variables that magnify or moderate the effect of equity holdings on compensation.

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Keywords agency theory, chief-executive officers, corporate governance, executive compensation, executives (salaries), management, power, shareholdings, wages
Persistent URL dx.doi.org/10.1177/017084069801900604, hdl.handle.net/1765/12828
Barkema, H.G, & Pennings, J.M.E. (1998). Top management pay: Impact of power and influence. Organization Studies, 975–1003. doi:10.1177/017084069801900604