期刊
REVIEW OF FINANCIAL STUDIES
卷 26, 期 1, 页码 79-114出版社
OXFORD UNIV PRESS INC
DOI: 10.1093/rfs/hhs114
关键词
G30; G34; G35
CEOs with large networks earn more than those with small networks. An additional connection to an executive or director outside the firm increases compensation by about $17,000 on average, more so for important members, such as CEOs of big firms. Pay-for-connectivity is unrelated to several measures of corporate governance, evidence in favor of an efficient contracting explanation for CEO pay.
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