haku: @all turnover / yhteensä: 1051
viite: 20 / 1051
| Tekijä: | Fong, E.A. Misangyi, V.F. Tosi, H.L. Jr. |
| Otsikko: | The effect of CEO pay deviations on CEO withdrawal, firm size, and firm profits |
| Lehti: | Strategic Management Journal
2010 : JUN, VOL. 31:6, p. 629-651 |
| Asiasana: | managers executive remuneration compensation pay turnover power company ownership USA |
| Kieli: | eng |
| Tiivistelmä: | This paper explores how overcompensation or undercompensation affects subsequent voluntary executive (CEO) withdrawal, firm size, and firm profitability, taking into account the moderating effect of firm ownership structure. CEO underpayment is found to be related to changes in firm size and CEO withdrawal. The relationship btw. CEO underpayment and CEO withdrawal is found to be stronger in owner-controlled firms. It is also shown that when CEOs are overpaid, there is higher firm profitability. This relationship is weaker among manager-controlled firms. |
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