Top executive pay and firm performance |
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| Authors: | Mark A. Wilson Thomas I. Chacko Charles B. Shrader Ellen Mullen |
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| Affiliation: | (1) Department of Psychology, North Carolina State University, Box 7801, 27695 Poe Mall, Raleigh, NC;(2) College of Business Administration, Iowa State University, USA;(3) Industrial Relations Center, University of Minnesota, USA |
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| Abstract: | A study examining longitudinal data obtained from theDisclosure database for 390 large American firms yielded complex and unclear patterns of correlations between firm performance and executive pay. An examination of the data indicates that the relationship between firm performance and executive compensation may be nonlinear. Among performance measures, total assets was found to have the strongest association with executive pay. It was concluded that the scale of discretionary resources available to the firm better predicts executive pay than profitability or efficiency ratios. |
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