An Empirical Investigation of the Determinants of Outside Director Compensation

Citation data:

Corporate Governance, ISSN: 0964-8410, Vol: 8, Issue: 3, Page: 268-279

Publication Year:
2000
Usage 12
Abstract Views 12
Captures 29
Readers 29
Citations 25
Citation Indexes 25
Repository URL:
https://digitalcommons.kennesaw.edu/facpubs/808; https://works.bepress.com/rajaram_veliyath/23
DOI:
10.1111/1467-8683.00204
Author(s):
Cordeiro, James J.; Veliyath, Rajaram; Eramus, Edward J.
Publisher(s):
Wiley-Blackwell
Tags:
EXECUTIVES -- Salaries; etc.; CORPORATE governance; Business
article description
Using data on 200 large U.S. corporations in 1996, this study develops and tests a model in which the Compensation of Outside Directors is significantly related to Director Effort, External Monitoring, Internal Referents and Firm Performance, after controlling for Firm Size and Inside Ownership. There is some support for each set of hypotheses relating to the different independent variables in the model.