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Managerial compensation in midwestern grain and farm supply firms

Author

Listed:
  • Jay T. Akridge

    (Center for Agricultural Business, Department of Agricultural Economics, Purdue University, West Lafayette, Indiana)

  • Linda D. Whipker

    (Center for Agricultural Business, Department of Agricultural Economics, Purdue University, West Lafayette, Indiana)

  • Steven P. Erickson

    (Center for Agricultural Business, Department of Agricultural Economics, Purdue University, West Lafayette, Indiana)

Abstract

Total compensation-which includes base salary, benefits, and bonus-for a sample of 177 retail agribusiness managers in Illinois, Indiana, and Ohio is analyzed. Standard categorical analysis and regression techniques are used to explain variation in managerial compensation. Firm sales volume, profitability, number of branch facilities, and managerial experience are important determinants of total compensation. Several issues are identified which merit further research.

Suggested Citation

  • Jay T. Akridge & Linda D. Whipker & Steven P. Erickson, 1989. "Managerial compensation in midwestern grain and farm supply firms," Agribusiness, John Wiley & Sons, Ltd., vol. 5(4), pages 403-418.
    • Handle: RePEc:wly:agribz:v:5:y:1989:i:4:p:403-418
    DOI: 10.1002/1520-6297(198907)5:4<403::AID-AGR2720050410>3.0.CO;2-9
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    References listed on IDEAS

    as
    1. Lewellen, Wilbur G & Huntsman, Blaine, 1970. "Managerial Pay and Corporate Performance," American Economic Review, American Economic Association, vol. 60(4), pages 710-720, September.
    2. John R. Fiske & David E. Hahn, 1985. "Agribusiness compensation practices in Ohio," Agribusiness, John Wiley & Sons, Ltd., vol. 1(1), pages 73-87.
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    Cited by:

    1. Martens, Bradley P. & Taylor, William J., 1990. "Analysis Of Compensation In Agribusiness: The Case Of The Retail Fertilizer Industry," 1990 Annual meeting, August 5-8, Vancouver, Canada 271046, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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