A General Theory of Executive Compensation Based on Statistically Tested Propositions

Abstract

Introduction, 270. — I. Description of sample and definition of terms, 271. — II. Compensation and industry, 273; compensation, profit and size, 275; executive mobility, 279. — III. Position of the individual firm, 283. — IV. Executive compensation and the theoretical model, 288. — V. Implications, 293.