Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/25275 
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dc.contributor.authorBlock, Jörn Hendrichen
dc.date.accessioned2008-07-14-
dc.date.accessioned2009-07-23T15:03:50Z-
dc.date.available2009-07-23T15:03:50Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/25275-
dc.description.abstractThe relationship between CEO pay and performance has been much analyzed in the management and economics literature. This study analyzes the structure of executive compensation in family and non-family firms. In line with predictions of agency theory, it is found that the share of base salary is higher with family-member CEOs than it is with nonfamily member CEOs. Furthermore, family-member CEOs receive a lower share of option pay. The paper's findings have implications for family business research and the executive compensation literature. To make the findings robust, the statistical analysis is performed with both Bayesian and classical frequentist methods.en
dc.language.isoengen
dc.publisher|aHumboldt University of Berlin, Collaborative Research Center 649 - Economic Risk |cBerlinen
dc.relation.ispartofseries|aSFB 649 Discussion Paper |x2008,033en
dc.subject.jelG30en
dc.subject.jelJ30en
dc.subject.jelM52en
dc.subject.ddc330en
dc.subject.keywordExecutive compensationen
dc.subject.keywordfamily firmsen
dc.subject.keywordstock optionsen
dc.subject.keywordagency theoryen
dc.subject.keywordBayesian analysisen
dc.subject.stwFührungskräfteen
dc.subject.stwVergütungssystemen
dc.subject.stwFamilienunternehmenen
dc.subject.stwAgency Theoryen
dc.subject.stwAktienoptionsplanen
dc.subject.stwSchätzungen
dc.subject.stwUSAen
dc.titleAre CEOs in family firms paid like bureaucrats?: evidence from Bayesian and frequentist analyses-
dc.type|aWorking Paperen
dc.identifier.ppn571729436en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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