Indian Journal of Science and Technology

The PDF file you selected should load here if your Web browser has a PDF reader plug-in installed (for example, a recent version of Adobe Acrobat Reader).

If you would like more information about how to print, save, and work with PDFs, Highwire Press provides a helpful Frequently Asked Questions about PDFs.

Alternatively, you can download the PDF file directly to your computer, from where it can be opened using a PDF reader. To download the PDF, click the Download link above.

Fullscreen Fullscreen Off


The objective of this paper is to explore the association between small and medium business and CEO compensation for Korean listed firms. More specifically, focusing on the CEO’s cash compensation, we empirically investigate whether small and medium business exhibits different level of compensation when compared to other enterprises. We find that small and medium business exhibits lower level of CEO compensation relative to other firms. This result supports our argument that the lower degree of agency problem in small and medium business compared to other firms induces lower level of CEO compensation. Since understanding the mechanisms regarding CEO compensation directly is extremely hard, our research might provide useful information to the interested parties.

Keywords

CEO Compensation, Interested Parties, Small and Medium Business
User