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| Author: | Bloom, M. Milkovich, G.T. |
| Title: | Relationships among risk, incentive pay, and organizational performance |
| Journal: | Academy of Management Journal
1998 : JUN, VOL. 41:3, p. 283-297 |
| Index terms: | pay incentives company performance organizational performance financial risk agency theory |
| Language: | eng |
| Abstract: | This study examines the role of risk in the structure of managerial compensation and its relationship to organization performance in the extended frame of agency theory. Results suggest that organization facing higher risk places less emphasis on short-term incentives than other organizations. Also, higher-risk firms that did not emphasize incentive pay performed better than higher-risk firms that relied on incentive pay. |
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