Journal article
The curious case of one-dollar CEO salaries: evidence from market reaction to salary decision announcements
Abstract
Purpose This study investigates the motivations for and compensation structure changes behind $1 CEO salary decisions. Design/methodology/approach Using a hand-collected sample, we relied on an event study framework and regression analysis to decipher the informational content of $1 CEO salary announcements. Findings The results show that the market reacts positively to $1 CEO salary announcements that indicate aligning the interests of …
Authors
Danielova A; Liao W-J
Journal
International Journal of Managerial Finance, Vol. 21, No. 3, pp. 667–692
Publisher
Emerald
Publication Date
May 15, 2025
DOI
10.1108/ijmf-10-2023-0485
ISSN
1743-9132