An Empirical Investigation of the Determinants of Outside Director Compensation

Posted: 24 Oct 2000

See all articles by James Cordeiro

James Cordeiro

SUNY at Brockport - Department of Business Administration and Economics

Rajaram Veliyath

Kennesaw State University - Michael J. Coles College of Business

Edward Eramus

State University of New York (SUNY)

Abstract

Using data on 200 large U.S. corporations in 1996, this study develops and tests a model in which the Compensation of Outside Directors is significantly related to Director Effort, External Monitoring, Internal Referents and Firm Performance, after controlling for Firm Size and Inside Ownership. There is some support for each set of hypotheses relating to the different independent variables in the model.

JEL Classification: G34, J44

Suggested Citation

Cordeiro, James and Veliyath, Rajaram and Eramus, Edward, An Empirical Investigation of the Determinants of Outside Director Compensation. Available at SSRN: https://ssrn.com/abstract=233082

James Cordeiro

SUNY at Brockport - Department of Business Administration and Economics ( email )

Brockport, NY 14420
United States
(716) 395-5793 (Phone)

Rajaram Veliyath (Contact Author)

Kennesaw State University - Michael J. Coles College of Business ( email )

1000 Chastain Road
Kennesaw, GA 30144
United States

Edward Eramus

State University of New York (SUNY)

Vestal Parkway East
Binghamton, NY 13902
United States

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