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| Tekijä: | Callan, S. J. Thomas, J. M. |
| Otsikko: | Executive compensation, corporate social responsibility, and corporate financial performance: a multi-equation framework |
| Lehti: | Corporate Social Responsibility and Environmental management
2011 : NOV-DEC, VOL. 18:6 p. 332-351 |
| Asiasana: | executives compensation social responsibility corporate responsibility financial performance chief executive officers payment by results pay models |
| Vapaa asiasana: | CSR |
| Kieli: | eng |
| Tiivistelmä: | In this article, a multi-equation model is used to investigate the determinants of executive compensation. The specification explicitly considers the endogeneity of executive compensation, company financial performance, and corporate social responsibility (CSR). Financial performance and social performance are determined concurrently. It is indicated that CSR is among the determinants of CEO pay, which show that pay-for-performance does not adequately explain compensation. |
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