| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23384 |
| 来源ID | Working Paper 23384 |
| Globalization and Executive Compensation | |
| Wolfgang Keller; William W. Olney | |
| 发表日期 | 2017-05-08 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | This paper finds that globalization is contributing to the rapid increase in executive compensation over the last few decades. Employing comprehensive data on top executives at major U.S. companies, we show that their compensation is increasing with exports and foreign direct investment, as well as firm size and technology. Exogenous export shocks unrelated to managerial decisions also increase executive compensation, and there is little evidence that this is due to increasing market returns to talent. We do find that export shocks primarily affect discretionary forms of compensation of more powerful executives at firms with poor corporate governance, as one would expect if globalization has enhanced rent-capture opportunities. Overall, these results indicate that globalization has played a more central role in the rapid growth of executive compensation and U.S. inequality than previously thought. |
| 主题 | International Economics ; Trade ; Labor Economics ; Labor Compensation |
| URL | https://www.nber.org/papers/w23384 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581058 |
| 推荐引用方式 GB/T 7714 | Wolfgang Keller,William W. Olney. Globalization and Executive Compensation. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23384.pdf（2532KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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