Thomas, S. Randall; Hill, G. Jennifer --- "Research Handbook on Executive Pay" (Edward Elgar Publishing, 2012) [2012] ELECD 594

Editor(s): Thomas, S. Randall; Hill, G. Jennifer

Title: Research Handbook on Executive Pay

Series: Research Handbooks in Corporate Law and Governance series

Topics: Corporate Governance; Company and Insolvency Law; Corporate Law and Governance

Publisher: Edward Elgar Publishing

Date of Publication: 29 June 2012

Number of pages: 552

ISBN (hard cover): 9781849803960

ISBN (soft cover): 9781781953334

EISBN: 9781781005101

Abstract/Description:

Research on executive compensation has exploded in recent years, and this volume of specially commissioned essays brings the reader up-to-date on all of the latest developments in the field. Leading corporate governance scholars from a range of countries set out their views on four main areas of executive compensation: the history and theory of executive compensation, the structure of executive pay, corporate governance and executive compensation, and international perspectives on executive pay.

The authors analyze the two dominant theoretical approaches – managerial power theory and optimal contracting theory – and examine their impact on executive pay levels and the practices of concentrated and dispersed share ownership in corporations. The effectiveness of government regulation of executive pay and international executive pay practices in Australia, the US, Europe, China, India and Japan are also discussed.

A timely study of a controversial topic, this Handbook will be an essential resource for students, scholars and practitioners of law, finance, business, and accounting.