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dc.contributor.authorÖzdemir, Özgür
dc.contributor.authorUpneja, A.
dc.date.accessioned2014-07-04T07:32:21Z
dc.date.available2014-07-04T07:32:21Z
dc.date.issued2012-09
dc.identifier.issn0278-4319
dc.identifier.urihttp://hdl.handle.net/10679/429
dc.identifier.urihttp://www.sciencedirect.com/science/article/pii/S0278431911001678
dc.description.abstractUsing a sample of U.S. lodging firms, this paper examines the relationship between board of director characteristics and chief executive officer (CEO) compensation. Previous research shows that larger boards are detrimental to the effectiveness of the board of directors and deteriorate the control imposed on CEO actions and pay. Board independence is also suggested as an important quality to emphasize the control on the CEO. We propose that U.S. lodging firms’ board of directors provide a nice setting to investigate the effects of size and independence on CEO compensation level. Our findings suggest that CEO compensation is not related to board size, and positively related to proportion of the outside board members. These findings are contrary to the findings of previous studies. Our findings may provide significant insights to lodging firms’ board of directors to structure efficient compensation packages.en_US
dc.language.isoengen_US
dc.publisherElsevieren_US
dc.relation.ispartofInternational Journal of Hospitality Management
dc.rightsopenAccess
dc.titleBoard structure and CEO compensation: Evidence from U.S. lodging industryen_US
dc.typeArticleen_US
dc.description.versionpost-print
dc.peerreviewedyes
dc.publicationstatuspublisheden_US
dc.contributor.authorID124876
dc.identifier.volume31
dc.identifier.issue3
dc.identifier.startpage856
dc.identifier.endpage863
dc.identifier.wosWOS:000303294900026
dc.identifier.doi10.1016/j.ijhm.2011.10.004
dc.subject.keywordsBoard of directorsen_US
dc.subject.keywordsCEO compensationen_US
dc.subject.keywordsBoard independenceen_US
dc.subject.keywordsFirm performanceen_US


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