5 years ago

Good corporate governance prevents excessive CEO pay, labor unions may contribute.

Journal of Derivatives and Quantitative Studies 선물연구
The Effects of Corporate Governance on CEO Compensation
Myoung Gi Lee, Jin San Kim

Paper Summary

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The study looked at how corporate governance affects CEO pay in Korean manufacturing firms. They found that good internal governance can stop high pay for poorly performing executives. The interaction between different governance mechanisms also impacts pay, with labor unions possibly influencing CEO compensation. Overall, the study suggests that strong internal controls can help prevent excessive executive pay.