Assessing Managerial Power Theory A Meta-Analytic Approach to Understanding the Determinants of CEO Compensation

• Published in: Journal of management Vol. 41; no. 1; pp. 164 - 202
• Main Authors: van Essen, Marc, Otten, Jordan, Carberry, Edward J.
• Format: Journal Article
• Language: English
• Published: Los Angeles, CA SAGE Publications 01.01.2015; Sage Publications Ltd
• Subjects: Agency theory; Chief executive officers; Chief executives; Compensation; Corporate governance; Determinants; Executive compensation; Meta-analysis; Metabolic disorders; Organizational performance; Pay; Pay for performance; Power; Studies; Theory; U.S.A; United States > US; meta-analysis; corporate governance; executive compensation; managerial power theory; agency theory

Although studies about the determinants of CEO compensation are ubiquitous, the balance of evidence for one of the more controversial theoretical approaches, managerial power theory, remains inconclusive. The authors provide a meta-analysis of 219 U.S.-based studies, focusing on the relationships be...