Executive Compensation: Governance and the Financial Crisis

Martin J. Conyon

in The Oxford Handbook of Capitalism

Published in print April 2012 | ISBN: 9780195391176
Published online November 2012 | | DOI:

Series: Oxford Handbooks

Executive Compensation: Governance and the Financial Crisis


This article provides a broad discussion of executive compensation and incentives, investigating whether outcomes are consistent with economic theory. The rest of this article is organized as follows. It discusses various economic approaches to executive pay. Then it investigates factors that have been driving the growth in CEO compensation. It provides a commentary on executive compensation and the recent financial crisis. A final section offers some concluding remarks.

Keywords: executive pay; CEO compensation; financial crisis

Article.  16260 words. 

Subjects: Economics ; Economic History

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