TESTING FOR PARAMETER STABILITY IN EXECUTIVE REMUNERATION FUNCTIONS
Andrew W. Braunstein
(Iona College)
104
Abstract
Executive compensation equations are estimated separately for three groups of firms, under the contention that the determinants of executive remuneration may depend upon the form of and degree of regulation in an industry. Empirical evidence obtained for three separate years lends support to that notion.
Citation
Braunstein, A.W. (1993), "TESTING FOR PARAMETER STABILITY IN EXECUTIVE REMUNERATION FUNCTIONS", Studies in Economics and Finance, Vol. 14 No. 2, pp. 54-73. https://doi.org/10.1108/eb028704
Publisher
:MCB UP Ltd
Copyright © 1993, MCB UP Limited