Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/54507
Authors: 
Sánchez Marín, G.
Year of Publication: 
2010
Citation: 
[Journal:] Investigaciones europeas de dirección de la empresa (IEDEE) [ISSN:] 1135-2523 [Volume:] 16 [Year:] 2010 [Issue:] 3 [Pages:] 69-84
Abstract: 
Literature has tried to report whether high compensation differences between executives are linked to better firm performance. This study, based on tournament theory arguments, has attempted to provide new evidences in this line of research, using a sample of 120 Spanish listed firms. Results, taking into account convex shape in the dispersion-performance relationships reported by Brown et al. (2003) and the characteristics of executive job -high hierarchy level, moderate interdependence, and high complexity-, indicate a positive, although moderated, relationships between executive pay dispersion and firm performance.
Subjects: 
executive pay dispersion
tournament theory
firm performance
moderating factors
JEL: 
M52
Document Type: 
Article

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