search query: @author Werner, S. / total: 11
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| Author: | Werner, S. Tosi, H. |
| Title: | Other people's money: the effects of ownership on compensation strategy and managerial pay |
| Journal: | Academy of Management Journal
1996 : DEC, VOL. 38:6, p. 1672-1691 |
| Index terms: | MONEY STRATEGY PAY |
| Language: | eng |
| Abstract: | This study analyzes the compensation strategy of firms. The authors examined differences in the pay and incentives of lower-level managers in firms with different levels of management discretion. The authors found that firms with higher managerial discretion paid compensation premiums through higher salaries, greater bonuses, and more long-term incentives; however, changes in pay were not related to changes in performance, and high discretion firms did not perform better than other types of firms. |
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