CORPORATE GOVERNANCE REFORMS AND EXECUTIVE COMPENSATION DETERMINATION: EVIDENCE FROM THE UK
This paper examines the effect that the ‘Cadbury reforms’ have had on the pay determination process of executives in the UK. Our results suggest that, on average, the impact has been disappointing. The relationship between pay and performance remains weak and the link to firm size has, if anything,...
WRIGHT, PETER W
|Place of publication:||
Oxford, UK Blackwell Publishing Ltd 01.01.2007
University of Manchester
|published in:||The Manchester school Vol. 75; no. 1; pp. 65 - 81|
|Data of publication:||2007-01|
Social Sciences (General)
Manuscript received 21.9.04; final version received 27.6.06.
participants at the Royal Economic Society Conference 2003, especially Tim Barmby and Peter Dolton, seminar participants at the Department of Economics and Finance, Brunel University, and Mike Wright and colleagues at Nottingham University for comments on earlier versions of this paper. The usual disclaimer applies. The financial support of the Leverhulme Trust (Programme Grant F114/BF) is gratefully acknowledged.
The Manchester School
The authors would like to thank the editor and an anonymous referee of
|Online Access:||available in Bonn?|
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