THE DETERMINANTS OF EXECUTIVE COMPENSATION IN FAMILY-CONTROLLED PUBLIC CORPORATIONS.

Luis R. Gómez‐Mejía · Martín Larraza‐Kintana · Marianna Makri

770 citations0/0 files storedAcademy of Management Journal

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Family Business Performance and Succession Corporate Finance and Governance Accounting and Organizational Management

Abstract

Family-member CEOs of family-controlled firms receive lower total income than outsider CEOs, increasingly so as family ownership concentration increases. At the same time, their pay tends to be mor...

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References

1999Corporate Ownership Around the World 1988Management ownership and market valuation 1999Corporate governance, chief executive officer compensation, and firm performance 2001Agency Relationships in Family Firms: Theory and Evidence 1980Financial Theory and Corporate Policy.2001THE ROLE OF FAMILY TIES IN AGENCY CONTRACTS.1993The dynamics of family controlled firms: The good and the bad news 1999Owner as Manager, Extended Horizons and the Family Firm

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