The relationship between CEO media appearances and compensation

Jingoo Kang; Andy Y.Han Kim

doi:10.1287/orsc.2017.1128

The relationship between CEO media appearances and compensation

Jingoo Kang, Andy Y.Han Kim

Research output: Contribution to journal › Article › peer-review

Abstract

Why do chief executive officers (CEOs) seek media appearances and what benefit do they gain from it? Using a sample of 2,666 U.S. firms from 1997 to 2009, we found that a CEO's appearance in CNBC interviews and major news articles has a positive relationship with his or her compensation in the following year, after controlling for firm performance and other confounding factors. We further found that the positive relationship is weaker when the CEO is with a large company and is stronger when the CEO is with a company demonstrating strong stock market performance. Finally, we found that when the CEO has a high equity ownership or is a founder CEO, the positive relationship disappears.

Original language	English (US)
Pages (from-to)	379-394
Number of pages	16
Journal	Organization Science
Volume	28
Issue number	3
DOIs	https://doi.org/10.1287/orsc.2017.1128
State	Published - May 1 2017

Keywords

CEO compensation
Labor market
Media

ASJC Scopus subject areas

Strategy and Management
Organizational Behavior and Human Resource Management
Management of Technology and Innovation

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10.1287/orsc.2017.1128

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The relationship between CEO media appearances and compensation

Abstract

Keywords

ASJC Scopus subject areas

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