Relationship Between Observable Characteristics of CEOs and Their Salary

The objective of this study is to verify the relationship between the observable characteristics of CEOs working for companies listed in Sao Paulo Stock Exchange and their salary. To achieve this goal, we collected and analyzed information about the CEOs: age, time on the job, training, previous pos...

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Published inContabilidad y negocios Vol. 11; no. 21; pp. 5 - 24
Main Authors Beatriz da Silva Pereira, Viviane Theiss, Rogério João Lunkes, Darci Schnorrenberger, Valdirene Gasparetto
Format Journal Article
LanguagePortuguese
Spanish
Published Pontificia Universidad Católica del Perú 01.11.2016
Subjects
características observáveis
remuneração
Teoria dos Escalões Superiores
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Summary:The objective of this study is to verify the relationship between the observable characteristics of CEOs working for companies listed in Sao Paulo Stock Exchange and their salary. To achieve this goal, we collected and analyzed information about the CEOs: age, time on the job, training, previous position and duality, as well as CEOs’ salary in the companies trading on the BM & FBOVESPA between 2010- 2014. The results showed that the longer a person works as CEO, the higher the salary. They also showed that CEOs with a better academic background receive, on average, a higher salary than less-educated CEOs. Executives hired exclusively for that position and those who do not perform the functions of CEO and chairman of the board earn, on average, more than corporate executives in the company and more than those who are CEOs and chairman of the board at the same time.
ISSN:1992-1896
2221-724X
DOI:10.18800/contabilidad.201601.001