search query: @journal_id 1345 / total: 264
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| Author: | Carpenter, M. |
| Title: | The price of change: the role of CEO compensation in strategic variation and deviation from industry strategy norms |
| Journal: | Journal of Management
2000 : VOL. 26:6, p. 1179-1198 |
| Index terms: | PRICE LEVEL COMPENSATION STRATEGY |
| Language: | eng |
| Abstract: | This research tests the proposition that changes in CEO pay will be reflected in strategic change - viewed as variation in firm strategy and deviation from industry strategic norms. Changes in total CEO pay, long-term pay, and long-term pay structure were found to affect strategic change in a sample of a large U.S. firms. However, the effects of pay on change were positive when firm performance was low; the relationships were negative among the highest performing firms. |
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