Construct · 1 fields · 1 citations

managerial power theory: a standalone construct

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Corporate governance

the view that executives use influence over boards to extract pay above what arm's-length bargaining would produce, constrained by outrage costs.

In corporate governance, managerial power theory refers to the view that executives use influence over boards to extract pay above what arm's-length bargaining would produce, constrained by outrage costs. This meaning comes from Bebchuk (2003) in Journal of Economic Perspectives.[1]

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Nearby constructs

bargaining1 fields · 2 citationsanchor · game theory governance4 fields · 5 citationsjingle · one word, four constructs influence5 fields · 5 citationsjingle · one word, five constructs

References

Bebchuk, L. A., & Fried, J. M. (2003). Executive Compensation as an Agency Problem. Journal of Economic Perspectives, 17(3), 71-92. https://doi.org/10.1257/089533003769204362

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