Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/60734 
Erscheinungsjahr: 
2008
Schriftenreihe/Nr.: 
Staff Report No. 314
Verlag: 
Federal Reserve Bank of New York, New York, NY
Zusammenfassung: 
This study examines the determinants of CEO compensation using data from a nationally representative sample of privately held U.S. corporations. We find that (i) the pay-size elasticity is much larger for privately held firms than for the publicly traded firms on which previous research has almost exclusively focused; (ii) executives at C-corporations are paid significantly more than executives at S-corporations; (iii) executive pay is inversely related to CEO ownership; (iv) executive pay is inversely related to leverage; and (v) executive pay is related to a number of CEO characteristics, including age, education, and gender. Executive pay is inversely related to CEO age and positively related to educational attainment. Finally, female executives are paid significantly less than their male counterparts.
Schlagwörter: 
Compensation
organizational form
taxes
ownership
education
gender
JEL: 
H24
H25
G32
J33
Dokumentart: 
Working Paper

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