Specificity of CEO human capital and compensation
研究CEO薪酬与技能的关系，通过比较内部和外部继任者的薪酬差异，探讨企业是否根据管理者的能力而非仅业绩来支付薪酬。
Much research on top management compensation has focused on the relationship between pay and firm performance. Firms, however, may compensate executives for inputs such as skills, as well as for outputs such as firm performance. This study refocuses attention on the links between managerial abilities and compensation by examining pay differences between types of CEO successors who have differential skills—namely, internal and external successors. © 1997 John Wiley & Sons, Ltd.