Author

Contributions

  • Tzioumis, Konstantinos - Contributor
  • London School of Economics and Political Science. Centre for Economic Performance - Contributor

Publication

2006 - Centre for Economic Performance, London School of Economics and Political Science, London, England

Language

English

Word Count

0 words, Guess

Page Count

0 pages

Physical Format

Electronic resource

Identifiers

  • ISBN-100753019469
  • ISBN-139780753019467
  • Library of Congress Control Number2006619519
  • Open LibraryOL31759759M

Classifications

  • LCCHC10

Description

In this paper we estimate the relation between union presence and CEO compensation, using a unique panel of publicly listed US firms for the period 1992-2001. We find that, on average, union presence: 1) is significantly associated with lower levels of total CEO compensation; 2) affects the mix of CEO compensation by providing higher levels of pay but much lower stock option values; 3) lowers dispersion of CEO compensation across firms; and 4) does not significantly reduce the performance sensitivity of CEO compensation as compared to non-union firms.

Subjects

Series Statement

  • CEP discussion paper -- no. 720
  • Discussion paper (London School of Economics and Political Science. Centre for Economic Performance : Online) -- no. 720.

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