Perspectives on Corporate Control: Implications for CEO Compensation
研究了四种公司控制视角（管理控制、阶级霸权、外部控制和有效市场）对CEO薪酬实践的影响，发现市场和非市场控制都影响CEO薪酬水平和标准。
This study examines the influence on CEO pay practices of four corporate control perspectives: managerial control, class hegemony, external control, and efficient market. The results indicate the influence of both market and extra-market controls on the determination of CEO pay levels and criteria. Implications for the governance of firms and the study of corporate control are drawn.