Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/13863
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dc.contributor.authorMICHIELS, Anneleen-
dc.contributor.authorVOORDECKERS, Wim-
dc.contributor.authorLYBAERT, Nadine-
dc.contributor.authorSTEIJVERS, Tensie-
dc.date.accessioned2012-08-02T12:00:00Z-
dc.date.available2012-08-02T12:00:00Z-
dc.date.issued2013-
dc.identifier.citationFamily Business Review, 26 (2), p. 140-160-
dc.identifier.issn0894-4865-
dc.identifier.urihttp://hdl.handle.net/1942/13863-
dc.description.abstractAlthough classical agency theorists claim that pay-for-performance is not relevant in the context of private family firms, the authors provide empirical evidence of the opposite, using a sample of 529 privately held U.S. family firms. The results suggest that objective performance-based measures play a significant role in CEO compensation. Additionally, the authors find that in private family firms CEO compensation is more responsive to firm performance in firms with low ownership dispersion and in the controlling-owner stage. Furthermore, the positive pay-for-performance relation is slightly stronger for nonfamily CEOs than for family CEOs.-
dc.language.isoen-
dc.titleCEO compensation in private family firms: pay-for-performance and the moderating role of ownership and management-
dc.typeJournal Contribution-
dc.identifier.epage160-
dc.identifier.issue2-
dc.identifier.spage140-
dc.identifier.volume26-
local.bibliographicCitation.jcatA1-
local.type.refereedRefereed-
local.type.specifiedArticle-
dc.bibliographicCitation.oldjcatA1-
dc.identifier.doi10.1177/0894486512454731-
dc.identifier.isi000318810900003-
item.validationecoom 2014-
item.contributorMICHIELS, Anneleen-
item.contributorVOORDECKERS, Wim-
item.contributorLYBAERT, Nadine-
item.contributorSTEIJVERS, Tensie-
item.fulltextNo Fulltext-
item.accessRightsClosed Access-
item.fullcitationMICHIELS, Anneleen; VOORDECKERS, Wim; LYBAERT, Nadine & STEIJVERS, Tensie (2013) CEO compensation in private family firms: pay-for-performance and the moderating role of ownership and management. In: Family Business Review, 26 (2), p. 140-160.-
crisitem.journal.issn0894-4865-
crisitem.journal.eissn1741-6248-
Appears in Collections:Research publications
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