CEO Compensation as Tournament and Social Comparison: A Tale of Two Theories
检验了锦标赛理论和社会比较理论对CEO薪酬的解释力,发现薪酬差距与高管数量正相关,且CEO薪酬与外部参照群体比较相关,对理解高管薪酬设计有参考价值。
Charles A. O'Reilly III, Brian G. Main, Graef S. Crystal, CEO Compensation as Tournament and Social Comparison: A Tale of Two Theories, Administrative Science Quarterly, Vol. 33, No. 2 (Jun., 1988), pp. 257-274