The determinants of top management pay
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Sidney Finkelstein & Donald C. Hambrick, 1988. "Chief executive compensation: A synthesis and reconciliation," Strategic Management Journal, Wiley Blackwell, vol. 9(6), pages 543-558, November.
- Kato, Takao, 1997.
"Chief executive compensation and corporate groups in Japan: New evidence from micro data,"
International Journal of Industrial Organization, Elsevier, vol. 15(4), pages 455-467, July.
- Takao Kato, 1994. "Chief Executive Compensation and Corporate Groups in Japan: New Evidence from Micro Data," Economics Working Paper Archive wp_117, Levy Economics Institute.
- Takao Kato, 1999. "Chief Executive Compensation and Corporate Groups in Japan: New Evidence From Micro Data," Macroeconomics 9904010, University Library of Munich, Germany.
- Takao Kato, 1999. "Chief Executive Compensation and Corporate Groups in Japan: New Evidence From Micro Data," Macroeconomics 9906003, University Library of Munich, Germany.
- Garvey, Gerald T. & Grant, Simon & King, Stephen P., 1998.
"Talking down the firm: Short-term market manipulation and optimal management compensation,"
International Journal of Industrial Organization, Elsevier, vol. 16(5), pages 555-570, September.
- Garvey, G.T. & Grant, S. & King, S.P., 1996. "Talking Down the Firm: Short-Term Market Manipulation and Optimal Management Compensation," Papers 297, Australian National University - Department of Economics.
- Cosh, Andy & Hughes, Alan, 1997. "Executive remuneration, executive dismissal and institutional shareholdings," International Journal of Industrial Organization, Elsevier, vol. 15(4), pages 469-492, July.
- Cosh, A D & Hughes, A, 1987. "The Anatomy of Corporate Control: Directors, Shareholders and Executive Remuneration in Giant U.S. and U.K. Corporations," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 11(4), pages 285-313, December.
- White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
- Lewellen, Wilbur G & Huntsman, Blaine, 1970. "Managerial Pay and Corporate Performance," American Economic Review, American Economic Association, vol. 60(4), pages 710-720, September.
- Conyon, Martin J & Leech, Dennis, 1994.
"Top Pay, Company Performance and Corporate Governance,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 56(3), pages 229-247, August.
- Conyon, Martin J. & Leech, Dennis, 1993. "Top Pay, Company Performance And Corporate Governance," Economic Research Papers 268560, University of Warwick - Department of Economics.
- Conyon, M.J. & Leech, D., 1993. "Top Pay, Company Performance and Corporate Governance," The Warwick Economics Research Paper Series (TWERPS) 410, University of Warwick, Department of Economics.
- Donald C. Hambrick & Sydney Finkelstein, 1995. "The effects of ownership structure on conditions at the top: The case of CEO pay raises," Strategic Management Journal, Wiley Blackwell, vol. 16(3), pages 175-193.
- Brian K. Boyd, 1994. "Board control and ceo compensation," Strategic Management Journal, Wiley Blackwell, vol. 15(5), pages 335-344, June.
- Lazear, Edward P, 1986. "Salaries and Piece Rates," The Journal of Business, University of Chicago Press, vol. 59(3), pages 405-431, July.
- Jonathan S. Leonard, 1990. "Executive Pay and Firm Performance," ILR Review, Cornell University, ILR School, vol. 43(3), pages 13, April.
- Martin J Conyon & Paul Gregg, 1994.
"Pay at the Top: A Study of the Sensitivity of Top Director Remuneration to Company Specific Shocks,"
National Institute Economic Review, National Institute of Economic and Social Research, vol. 149(1), pages 83-92, August.
- Conyon, Martin J & Gregg, Paul, 1994. "Pay at the Top: A Study of the Sensitivity of Top Director Remuneration to Company Specific Shocks," National Institute Economic Review, National Institute of Economic and Social Research, vol. 149, pages 83-92, August.
- Paul Gregg & Stephen Machin & Stefan Szymanski, 1993. "The Disappearing Relationship Between Directors' Pay and Corporate Performance," British Journal of Industrial Relations, London School of Economics, vol. 31(1), pages 1-9, March.
- Jensen, Michael C & Murphy, Kevin J, 1990.
"Performance Pay and Top-Management Incentives,"
Journal of Political Economy, University of Chicago Press, vol. 98(2), pages 225-264, April.
- Jensen, M.C. & Murphy, K.J., 1988. "Performance Pay And Top Management Incentives," Papers 88-04, Rochester, Business - Managerial Economics Research Center.
- Murphy, Kevin J., 1985. "Corporate performance and managerial remuneration : An empirical analysis," Journal of Accounting and Economics, Elsevier, vol. 7(1-3), pages 11-42, April.
- H.Y. Izan & Baljit Sidhu & Stephen Taylor, 1998. "Does CEO Pay Reflect Performance? Some Australian Evidence," Corporate Governance: An International Review, Wiley Blackwell, vol. 6(1), pages 39-47, January.
- Conyon, Martin J., 1997. "Corporate governance and executive compensation," International Journal of Industrial Organization, Elsevier, vol. 15(4), pages 493-509, July.
- Richard Greenbury, 1995. "On Board Meetings," Corporate Governance: An International Review, Wiley Blackwell, vol. 3(1), pages 7-8, January.
- repec:sae:niesru:v:149:y::i:1:p:83-92 is not listed on IDEAS
- Sydney Finkelstein & Donald C. Hambrick, 1989. "Chief executive compensation: A study of the intersection of markets and political processes," Strategic Management Journal, Wiley Blackwell, vol. 10(2), pages 121-134, March.
- Martin J. Conyon, 1994. "Corporate Governance Changes in UK Companies Between 1988 and 1993," Corporate Governance: An International Review, Wiley Blackwell, vol. 2(2), pages 87-100, April.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Firth, Michael & Fung, Peter M.Y. & Rui, Oliver M., 2007. "How ownership and corporate governance influence chief executive pay in China's listed firms," Journal of Business Research, Elsevier, vol. 60(7), pages 776-785, July.
- Li, Donghui & Moshirian, Fariborz & Nguyen, Pascal & Tan, Liwen, 2007. "Corporate governance or globalization: What determines CEO compensation in China?," Research in International Business and Finance, Elsevier, vol. 21(1), pages 32-49, January.
- Smirnova, Aleksandra S. & Zavertiaeva, Marina A., 2017. "Which came first, CEO compensation or firm performance? The causality dilemma in European companies," Research in International Business and Finance, Elsevier, vol. 42(C), pages 658-673.
- Jill Johnes & Swati Virmani, 2020. "Chief executive pay in UK higher education: the role of university performance," Annals of Operations Research, Springer, vol. 288(2), pages 547-576, May.
- Abdul Wahab, Nor Shaipah & Holland, Kevin, 2012. "Tax planning, corporate governance and equity value," The British Accounting Review, Elsevier, vol. 44(2), pages 111-124.
- Firth, Michael & Fung, Peter M.Y. & Rui, Oliver M., 2006. "Corporate performance and CEO compensation in China," Journal of Corporate Finance, Elsevier, vol. 12(4), pages 693-714, September.
- Nor Shaipah Abdul Wahab Author_Email: shaipah@uum.edu.my, 2011. "Directors’ Pay: Significance As A Tax-Motivated Expense Allocation," 2nd International Conference on Business and Economic Research (2nd ICBER 2011) Proceeding 2011-218, Conference Master Resources.
- Saleh F. A. Khatib & Hamzeh Al Amosh & Husam Ananzeh, 2023. "Board Compensation in Financial Sectors: A Systematic Review of Twenty-Four Years of Research," IJFS, MDPI, vol. 11(3), pages 1-22, July.
- Daniela Machado & Maria Elisabete Ramos & Pedro Godinho, 2015. "A remuneração dos administradores nas sociedades cotadas: determinantes e enquadramento jurídico," GEMF Working Papers 2015-21, GEMF, Faculty of Economics, University of Coimbra.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Hristos Doucouliagos & Janto Haman & T.D. Stanley, 2012.
"Pay for Performance and Corporate Governance Reform,"
Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 51(3), pages 670-703, July.
- Doucouliagos, Hristos & Haman, Janto & Stanley, T. D., 2010. "Pay for performance and corporate governance reform," Working Papers eco_2010_04, Deakin University, Department of Economics.
- Conyon, Martin J., 1997. "Corporate governance and executive compensation," International Journal of Industrial Organization, Elsevier, vol. 15(4), pages 493-509, July.
- repec:eee:labchp:v:3:y:1999:i:pb:p:2485-2563 is not listed on IDEAS
- Hristos Doucouliagos & Janto Haman & Saeed Askary, 2007. "Directors' Remuneration and Performance in Australian Banking," Corporate Governance: An International Review, Wiley Blackwell, vol. 15(6), pages 1363-1383, November.
- Manika Kohli, 2018. "Impact of Ownership Type and Board Characteristics on the Pay–Performance Relationship: Evidence from India," Indian Journal of Corporate Governance, , vol. 11(1), pages 1-34, June.
- Firth, Michael & Fung, Peter M.Y. & Rui, Oliver M., 2006. "Corporate performance and CEO compensation in China," Journal of Corporate Finance, Elsevier, vol. 12(4), pages 693-714, September.
- Rafel Crespi-Cladera & Carles Gispert & Luc Renneboog, 2001. "Verringern Management-Entlohnungskosten die Agency-Kosten?: Empirische Evidenz von netzwerkorientierten und marktorientierten Unternehmenskontrollsystemen," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 70(2), pages 234-246.
- Anja Schwering & Friedrich Sommer & Florian Uepping & Sandra Winkelmann, 2022. "The social-psychological perspective on executive compensation: evidence from a two-tier board system," Journal of Business Economics, Springer, vol. 92(2), pages 309-345, February.
- Wu, Huiying & Li, Sihai & Ying, Sammy Xiaoyan & Chen, Xuan, 2018. "Politically connected CEOs, firm performance, and CEO pay," Journal of Business Research, Elsevier, vol. 91(C), pages 169-180.
- Martin J. Conyon, 1995. "Directors' Pay in the Privatized Utilities," British Journal of Industrial Relations, London School of Economics, vol. 33(2), pages 159-171, June.
- Phillip McKnight & Cyril Tomkins, 1999. "Top Executive Pay in the United Kingdom: A Corporate Governance Dilemma," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 6(2), pages 223-243.
- Rafel Crespí–Cladera & Carles Gispert, 2003. "Total Board Compensation, Governance and Performance of Spanish Listed Companies," LABOUR, CEIS, vol. 17(1), pages 103-126, March.
- Kweh, Qian Long & Tebourbi, Imen & Lo, Huai-Chun & Huang, Cheng-Tsu, 2022. "CEO compensation and firm performance: Evidence from financially constrained firms," Research in International Business and Finance, Elsevier, vol. 61(C).
- Otten, J.A. & Heugens, P.P.M.A.R., 2007. "Extending the Managerial Power Theory of Executive Pay: A Cross National Test," ERIM Report Series Research in Management ERS-2007-090-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
- Agyei-Boapeah, Henry & Ntim, Collins G. & Fosu, Samuel, 2019. "Governance structures and the compensation of powerful corporate leaders in financial firms during M&As," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 37(C).
- Liu, Lisa Shifei & Stark, Andrew W., 2009. "Relative performance evaluation in board cash compensation: UK empirical evidence," The British Accounting Review, Elsevier, vol. 41(1), pages 21-30.
- Wright, Peter & Thompson, Steve & Girma, Sourafel, 2002.
"Merger Activity and Executive Pay,"
CEPR Discussion Papers
3255, C.E.P.R. Discussion Papers.
- Girma, Sourafel & Steve Thompson & Peter Wright, 2002. "Merger Activity and Executive Pay," Royal Economic Society Annual Conference 2002 87, Royal Economic Society.
- Andrew Benito & Martin Conyon, 1999. "The Governance of Directors' Pay: Evidence from UK Companies," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 3(2), pages 117-136, June.
- Chii-Shyan Kuo & Jow-Ran Chang & Shih-Ti Yu, 2013. "Effect of mandatory pro forma earnings disclosure on the relation between CEO share bonuses and firm performance," Review of Quantitative Finance and Accounting, Springer, vol. 40(2), pages 189-215, February.
- Jesper Banghøj & Gorm Gabrielsen & Christian Petersen & Thomas Plenborg, 2010. "Determinants of executive compensation in privately held firms," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 50(3), pages 481-510, September.
- Dan Lin & Lu Lin, 2014. "The Interplay between Director Compensation and CEO Compensation," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 8(2), pages 11-26.
More about this item
Keywords
Incentives Management performance Top management Compensation;Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jomega:v:27:y:1999:i:6:p:617-635. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/375/description#description .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.