Question: The particular industry group ( e . g . , banking, chemicals ) a company belongs to is coded in the variable indgrp. Executive compensation

The particular industry group (e.g., banking, chemicals) a company belongs to is coded in the variable indgrp. Executive compensation is measured by two variables (comp for salary and bonus and also def for deferred compensation). Combining these two variables, comp and def, would be a measure of total compensation.

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