Proceedings of the International Association for Business and Society

Volume 6, 1995

Proceedings of the Sixth Annual Meeting

Corporate Governance and Managerial Elite Perspectives on Golden Parachutes
An International Replication

The increasing internationalization or globalization of corporations raises the question of whether research results found in the U.S. also are valid in other countries. This paper explores issues related to corporate governance and golden parachutes in Norway, and studies made in the U.S. are replicated. Arguments are based on both agency theory and managerial elite arguments, and the latter arguments seem to have greater exploratory power than the first.