Figure 1
The diagram shows four text boxes on the left arranged in a vertical series labeled from top to bottom as follows: “C E O A G E,” “C E O T E N,” “C E O E D U,” and “C E O E X P.” Two right pointing arrows from each of these four text boxes point to two text boxes on the right labeled “R O A” on top and “TOBIN Q” at bottom. A text box in the center top is labeled “C E O COMPENSATION.” Eight arrows extend downward from this text box and point to the right pointing arrows connecting “C E O A G E,” “C E O T E N,” “C E O E D U,” and “C E O E X P” to the right two text boxes “R O A” and “TOBIN Q.”Relationship between CEO attributes, CEO pay and firm performance. Source: Authors’ own creation