The Effects Of Internationalization On Ceo Compensation
Abstract:
This study examines the relation between the internationalization of firms and CEO compensation. Starting from a sample of Norwegian and Swedish listed firms we analyze the effects of internationalization as manifest in the capital market (foreign exchange listing), the market for corpora 无忧论文网 control (foreign board membership), and the product market (export and foreign sales). We conclude that all three markets contribute positively to the compensation level of CEOs. We argue that part of the higher CEO compensation in internationally
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