The number of research papers on executive pay has increased dramatically over the last few decades. Academics of such diverse fields as accounting (e.g. Antle and Smith, 1986), economics (e.g. Jensen and Murphy, 1990a), finance (e.g. Baker et al., 1988; Carpenter, 2000), human resources (e.g. Kostiuk, 1990), management (e.g. Barkema and Gomez-Mejia, 1998), industrial relations (e.g. Agarwal, 1981) and sociology (e.g. Allen, 1981a) have published studies on the determinants and effects of executive compensation.
KeywordsStock Option Executive Compensation Relative Performance Evaluation Incentive Compensation Compensation Contract
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