Re-examining the determinants of executive compensation in the restaurant industry: a quantile regression approach

• Sang Hyuck Kim ^[2] ; Woo Gon Kim ^[1]
  1. [1] Florida State University

     Florida State University

     Estados Unidos

     
  2. [2] Kyung Sung University, Busan, South Korea
• Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 17, Nº. 5, 2011, págs. 1035-1054
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • This study investigates the determinants of executive compensation in the restaurant industry with selected variables from both the pay-for-performance rule and the managerial power approach, using a quantile regression method. The quantile regression method also provides an empirical illustration that different levels of executive compensation are related differently to the pay-for-performance and managerial power variables. The results of the quantile regression analysis support the hypotheses that executive corporate governance influences executive compensation and that the restaurant industry partially follows the pay-for-performance rule to determine executive compensation.