Title: Measuring Executive Compensation: Methods and an Application
Abstract: This paper describes methods for estimating the value of the total annual compensation of top corporate executives. These methods refine those originated by Burgess [1963], Lewellen [1968], and Masson [1969]. Measures of executive compensation are relevant in addressing three current issues. First is the extent to which the compensation effects of different accounting alternatives influence executives' preferences over proposed changes in accounting regulations and their actual selection of financial reporting techniques. Second is whether compensation effects of new financial reporting standards induce managers to change their production and investment decisions. Third is the impact of a change in the terms of executives' compensation contracts on their decisions.'
Publication Year: 1985
Publication Date: 1985-01-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 128
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