Theoretical Perspectives of Managerial Power and CEO Compensation in Korean Chaebol
Journal Title: Scholars Journal of Economics, Business and Management - Year 2015, Vol 2, Issue 5
Abstract
Abstract: This paper survey on related literature on how top management pay is influenced by poor quality of governance structure (controlling shareholder managerialism) and derives various testable implications by examining top manager’s cash compensation – salary and bonus- in Korean Chaebol. Moreover, this paper is aiming at explaining , compensation arrangements approved by boards often deviate from optimal contracting because directors are captured or subject to influence by management, sympathetic to management, or simply ineffectual in overseeing compensation. Keywords: CEO Compensation, Chaebol, Corporate Governance.
Authors and Affiliations
Ji-Young Ahn
Keywords
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