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• W2022822727 abstract "Building upon labor market theory, we investigate whether under- or over-investing in CEOs (i.e., strategically paying above or below a CEO's predicted labor market compensation rate) affects long-term firm value and whether there are diminishing returns to these investments. Our results indicate that investments in CEOs are positively related to long-term firm value and that the relationship diminishes, eventually becoming negative, as investments increase." @default.
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• W2022822727 date "2015-02-01" @default.
• W2022822727 modified "2023-09-27" @default.
• W2022822727 title "Consequences of deviating from predicted CEO labor market compensation on long-term firm value" @default.
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• W2022822727 doi "https://doi.org/10.1016/j.jbusres.2014.07.004" @default.
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