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Does the Market for Top Executives Work? CEO Pay and Turnover in Small UK Companies

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Does the Market for Top Executives Work? CEO Pay and Turnover in Small UK Companies. / Conyon, Martin; Nicolitsas, D.

In: Small Business Economics, Vol. 11, No. 2, 09.1998, p. 145-154.

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Conyon, Martin ; Nicolitsas, D. / Does the Market for Top Executives Work? CEO Pay and Turnover in Small UK Companies. In: Small Business Economics. 1998 ; Vol. 11, No. 2. pp. 145-154.

Bibtex

@article{9435b1b608ae42eaab2acc9b2b1fad3f,
title = "Does the Market for Top Executives Work? CEO Pay and Turnover in Small UK Companies",
abstract = "This paper presents the results of our investigation into the operation of the managerial labour market in small and medium sized manufacturing companies. Using a sample of some 40 or so companies we study the sensitivity of managerial pay and tenure to company performance. Managerial pay in this type of firms is much lower than the six digit figures quoted for large public companies and CEO turnover is much higher than we expected. We find some evidence to suggest that pay in small companies is sensitive to sales growth and that CEO tenure in public companies responds to the growth in sales.",
author = "Martin Conyon and D Nicolitsas",
year = "1998",
month = sep,
doi = "10.1023/A:1007908520404",
language = "English",
volume = "11",
pages = "145--154",
journal = "Small Business Economics",
issn = "0921-898X",
publisher = "Springer New York LLC",
number = "2",

}

RIS

TY - JOUR

T1 - Does the Market for Top Executives Work? CEO Pay and Turnover in Small UK Companies

AU - Conyon, Martin

AU - Nicolitsas, D

PY - 1998/9

Y1 - 1998/9

N2 - This paper presents the results of our investigation into the operation of the managerial labour market in small and medium sized manufacturing companies. Using a sample of some 40 or so companies we study the sensitivity of managerial pay and tenure to company performance. Managerial pay in this type of firms is much lower than the six digit figures quoted for large public companies and CEO turnover is much higher than we expected. We find some evidence to suggest that pay in small companies is sensitive to sales growth and that CEO tenure in public companies responds to the growth in sales.

AB - This paper presents the results of our investigation into the operation of the managerial labour market in small and medium sized manufacturing companies. Using a sample of some 40 or so companies we study the sensitivity of managerial pay and tenure to company performance. Managerial pay in this type of firms is much lower than the six digit figures quoted for large public companies and CEO turnover is much higher than we expected. We find some evidence to suggest that pay in small companies is sensitive to sales growth and that CEO tenure in public companies responds to the growth in sales.

U2 - 10.1023/A:1007908520404

DO - 10.1023/A:1007908520404

M3 - Journal article

VL - 11

SP - 145

EP - 154

JO - Small Business Economics

JF - Small Business Economics

SN - 0921-898X

IS - 2

ER -