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The Prince and the Pauper? CEO Pay in the United States and United Kingdom

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The Prince and the Pauper? CEO Pay in the United States and United Kingdom. / Conyon, Martin; Murphy, Kevin J.

In: Economic Journal, Vol. 110, No. 467, 11.2000, p. 640-671.

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Conyon, Martin ; Murphy, Kevin J. / The Prince and the Pauper? CEO Pay in the United States and United Kingdom. In: Economic Journal. 2000 ; Vol. 110, No. 467. pp. 640-671.

Bibtex

@article{b2b5a69406d041a1942f2a984984184d,
title = "The Prince and the Pauper? CEO Pay in the United States and United Kingdom",
abstract = "We document differences in CEO pay and incentives in the United States and the United Kingdom for 1997. After controlling for size, sector and other firm and executive characteristics, CEOs in the US earn 45% higher cash compensation and 190% higher total compensation. The calculated effective ownership percentage in the US implies that the median CEO receives 1.48% of any increase in shareholder wealth compared to 0.25% in the UK. The differences, can be largely attributed to greater share option awards in the US arising from institutional and cultural differences between the two countries.",
author = "Martin Conyon and Murphy, {Kevin J}",
year = "2000",
month = nov,
doi = "10.1111/1468-0297.00577",
language = "English",
volume = "110",
pages = "640--671",
journal = "Economic Journal",
issn = "0013-0133",
publisher = "Wiley-Blackwell",
number = "467",

}

RIS

TY - JOUR

T1 - The Prince and the Pauper? CEO Pay in the United States and United Kingdom

AU - Conyon, Martin

AU - Murphy, Kevin J

PY - 2000/11

Y1 - 2000/11

N2 - We document differences in CEO pay and incentives in the United States and the United Kingdom for 1997. After controlling for size, sector and other firm and executive characteristics, CEOs in the US earn 45% higher cash compensation and 190% higher total compensation. The calculated effective ownership percentage in the US implies that the median CEO receives 1.48% of any increase in shareholder wealth compared to 0.25% in the UK. The differences, can be largely attributed to greater share option awards in the US arising from institutional and cultural differences between the two countries.

AB - We document differences in CEO pay and incentives in the United States and the United Kingdom for 1997. After controlling for size, sector and other firm and executive characteristics, CEOs in the US earn 45% higher cash compensation and 190% higher total compensation. The calculated effective ownership percentage in the US implies that the median CEO receives 1.48% of any increase in shareholder wealth compared to 0.25% in the UK. The differences, can be largely attributed to greater share option awards in the US arising from institutional and cultural differences between the two countries.

U2 - 10.1111/1468-0297.00577

DO - 10.1111/1468-0297.00577

M3 - Journal article

VL - 110

SP - 640

EP - 671

JO - Economic Journal

JF - Economic Journal

SN - 0013-0133

IS - 467

ER -