← Search

The Price of a CEO's Rolodex

Joseph Engelberg¹; Pengjie Gao^2,3; Christopher A. Parsons¹

¹ University of California San Diego · ² University of Mendoza · ³ University of Notre Dame

CEOs with large networks earn more than those with small networks. An additional connection to an executive or director outside the firm increases compensation by about $17,000 on average, more so for "important" members, such as CEOs of big firms. Pay-for-connectivity is unrelated to several measures of corporate governance, evidence in favor of an efficient contracting explanation for CEO pay. © 2012 The Author.

DOI

10.1093/rfs/hhs114

Volume

26 (1)

Pages

79-114

Language

en

Export

BibTeX

Sources

openalex crossref