Explaining Executive Pay

Lukas Hengartner shows that both firm complexity and managerial power are associated with higher pay levels. This suggests that top managers are paid for the complexity of their job and that more powerful top managers receive pay in excess of the level that would be optimal for shareholders.

Dr. Lukas Hengartner promovierte bei Prof. Dr. Winfried Ruigrok an der Universität St. Gallen. Er ist Assistent der Geschäftsleitung bei der ABB Schweiz AG.

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Explaining Executive Pay Hengartner, Lukas

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