Doucouliagos, Hristos; Askary, Saeed; Haman, Janto - Deakin University, Faculty of Business and Law, School … - 2006
This paper explores the relationship between directors’ and Chief Executive Officers’ pay and performance within … variables, alternate measures of performance and different estimation techniques. The results indicate an absence of a … contemporaneous relationship between directors’ pay and firm performance, and no association with prior year performance. However …