Document Type
Article
Publication Date
2010
Publication Title
Journal of Hospitality Financial Management
Volume
18
Issue
2
First page number:
1
Last page number:
17
Abstract
The purpose of this research is to assess the elasticity of CEO compensation in the U.S. restaurant industry. Using a sample of 30 restaurant firms for the years 1993 through 2006, we find that a 1% increase in current year firm return yields an increase of approximately .43% for salary, bonus and stock options, .20% for salary and bonus and 2.74% for bonus and options. Mergers do not appear to impact CEO compensation significantly. Our findings are within the range found by many previous researchers.
Keywords
CEO compensation; Restaurant industry
Disciplines
Business | Food and Beverage Management | Hospitality Administration and Management
File Format
File Size
193.84 KB
Language
English
Publisher Citation
Dalbor, Michael; Oak, Seonghee; and Rowe, Toni (2010) "How closely is CEO compensation tied to performance? An examination of the U.S. restaurant industry," Journal of Hospitality Financial Management: Vol. 18: Iss. 2, Article 2.
Repository Citation
Dalbor, M. C.,
Oak, S.,
Repetti, T. A.
(2010).
How closely is CEO compensation tied to performance? An examination of the U.S. restaurant industry.
Journal of Hospitality Financial Management, 18(2),
1-17.
http://dx.doi.org/10.1080/10913211.2010.10653891
Comments
Toni Repetti A.K.A Toni Rowe