• Corpus ID: 40550815

Globalization and CEO Pay : Estimating the Value of Good Leaders in Complex Firms

  title={Globalization and CEO Pay : Estimating the Value of Good Leaders in Complex Firms},
  author={Svend Greniman Andersen and David Hummels and Nber Jakob Munch},
Much attention has been given to increasing income shares of top income earners in many advanced economies, particularly in the U.S. This increase is partly driven by so-called ‘supermanagers’, the chief executive officers (CEOs) of the largest firms. In this paper, we identify CEOs from matched worker-firm data for Denmark for the period 1995-2008 and construct firm complexity measures related to globalization. We document novel stylized facts about globalization and CEO compensation. We… 

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