haku: @author Finkelstein, S. / yhteensä: 16
viite: 8 / 16
| Tekijä: | Finkelstein, S. Boyd, B. K. |
| Otsikko: | How much does the GEO matter? The role of managerial discretion in the setting of CEO compensation. |
| Lehti: | Academy of Management Journal
1997 : APR, VOL. 41:2, p. 179-199 |
| Asiasana: | CHIEF EXECUTIVE OFFICERS MANAGING DIRECTORS EMPLOYEE BENEFITS STATISTICAL METHODS |
| Kieli: | eng |
| Tiivistelmä: | The authors state that managerial discretion - defined as latitude of action - may be an important determinant of CEO compensation has been recognized for some time. In spite of work that has implicitly invoked related ideas on the sources of potential managerial contribution, a formal test of the discretion hypothesis has yet to be conducted. In a sample of Fortune 1000 firms the study found support for both a main effect of managerial discretion of CEO pay and a contingency effect, whereby firm performance is higher when discretion and pay are aligned than when they are not. |
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