haku: @author Porter, G. / yhteensä: 4
viite: 4 / 4
« edellinen | seuraava »
| Tekijä: | Lippert, R. L. Porter, G. |
| Otsikko: | Understanding CEO Pay: A Test of Two Pay-to-Performance Sensitivity Measures with Alternative Measures of Alignment and Influence |
| Lehti: | Journal of Business Research
1997 : OCT, Vol. 40:2, p. 127-138 |
| Asiasana: | MANAGEMENT PAY CHIEF EXECUTIVE OFFICERS COMPENSATION |
| Kieli: | eng |
| Tiivistelmä: | This study contributes to the agency and corporate governance literature by: (1) demonstrating that CEO tenure can have a positive relationship to pay-performance sensitivity; (2) providing empirical evidence wich illustrates the importance of the choice of compensation measure; and (3) examining alternative measures of influence, as well as alignment of interests, to further explore the competing interpretations of a tenure effect. Our amalysis of two data sets emphasizes that the use of total pay - stock and options, as well as salary and bonus - is essential when testing alignment hypotheses with current data, due to the growing trend toward high non-cash rewards in CEO compensation. |
« edellinen | seuraava »
SCIMA