Information-Processing Demands as a Determinant of Ceo Compensation
研究认为CEO薪酬取决于其工作所需的信息处理水平，来自四个行业的数据支持这一观点：当公司的多元化战略、技术路线和高管团队结构对CEO提出更高信息处理需求时，其薪酬也更高。
Early research found little relationship between CEO pay and firm performance. Therefore, recent work on CEOs' compensation has focused less on the substantive nature of the job performed by such executives and more on the social and political context in which their pay is set. This study returns attention to the substantive nature of CEOs' jobs. Specifically, we argue that CEOs are paid for the level of information processing that their jobs require. Results from four industries support this view: chief executive compensation was higher in firms whose diversification strategy, approach to technology, and top management team structure placed particularly high information-processing demands on their CEOs.