Does the Market for Top Executives Work? CEO Pay and Turnover in Small U.K. Companies

Small Business Economics

Volumn 11, Issue 2, 1998, Pages 145-154

  Conyon, Martin J ^a   Nicolitsas, Daphne ^b  

^a UNIVERSITY OF WARWICK   (United Kingdom)

^b NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0032356255     PISSN: 0921898X     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1007908520404     Document Type: Article

References (17)

1. Conyon, M. J., 1996, Directors' Pay and Turnover: An Application to a Sample of Large U.K. Firms, University of Warwick, mimeo.
2. Conyon, M. J. and P. Gregg, 1994, 'Pay at the Top: A Study of the Sensitivity of Top Director Remuneration to Company Specific Shocks', National Institute Economic Review 149(3), 83-92.
3. Conyon, M. J., P. Gregg and S. Machin, 1995, 'Taking Care of Business: Executive Compensation in the U.K., Economic Journal 105(430), 704-714.
4. Cosh, A. and A. Hughes, 1995, Executive Remuneration, Executive Dismissal and Institutional Shareholdings, Centre for Business Research, University of Cambridge, Working Paper No. 19.
5. The Economist, 1995, Vol. 335, London.
6. Gregg, P., S. Machin and S. Szymanski, 1993, The Compensation of Top Directors of U.K. Companies, University College London, mimeo.
7. Hart, O., 1995, 'Corporate Governance: Some Theory and Implications', Economic Journal 105(430), 678-689.
8. Jensen, M. and K. Murphy, 1990, 'Performance Pay and Top Management Incentives', Journal of Political Economy 98(2), 225-264.
9. Main, B., 1992, Top Executive Pay and Company Performance, University of Edinburgh, mimeo.
10. Main, B., 1993, 'Pay in the Boardroom: Practices and Procedures', Personnel Review 22, 3-14.
11. Main, B., A. Bruce and T. Buck, 1996, Total Board Remuneration and Company Performance, University of Edinburgh, mimeo.
12. Milgrom, P. and J. Roberts, 1992, Economics, Organisation & Management, New Jersey: Prentice-Hall International.
13. Rosen, S., 1990, Contracts and the Market for Executives, National Bureau for Economic Research Working Paper No. 3542.
14. Tirole, J., 1988, The Theory of Industrial Organization, Cambridge, MA: MIT Press.
15. Storey, D., R. Watson and P. Wynarczyk, 1995, 'The Remuneration of Non-owner Managers in U.K. Unquoted and Unlisted Securities Market Enterprises: An Empirical Analysis of Firm Specific, Human Capital and Job History Influences', Small Business Economics 7, 1-13.
16. Warner, J. B., R. L. Watts and K. H. Wruck, 1988, 'Stock Prices and Top Management Changes', Journal of Financial Economics 20, 461-492.
17. Weisbach, M., 1988, 'Outside Directors and CEO Turnover', Journal of Financial Economics 20, 431-460.