EFFECTS OF DEREGULATION ON EXECUTIVE COMPENSATION REVISITED: THE EVIDENCE FROM THREE INDUSTRIES

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Abstract

This study examines the linkage between a heightened managerial discretion due to an environmental change on executive compensation. Specifically, we consider the impact of deregulation on three facets of executive pay: structure, level and the degree of disparity among the top executives. The results indicate mixed support for previous findings on the effects of an environmental shift on executive incentive system.

Keywords: Executive Compensation, Corporate Governance

How to cite this paper: Cho, T. S. (2007). Effects of deregulation on executive compensation revisited: The evidence from three industries. Corporate Ownership & Control, 4(4-2), 275-284. https://doi.org/10.22495/cocv4i4c2p3