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| Tekijä: | Carpenter, M. |
| Otsikko: | The price of change: the role of CEO compensation in strategic variation and deviation from industry strategy norms |
| Lehti: | Journal of Management
2000 : VOL. 26:6, p. 1179-1198 |
| Asiasana: | PRICE LEVEL COMPENSATION STRATEGY |
| Kieli: | eng |
| Tiivistelmä: | 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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