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Chief executive officer compensation, firm performance, and strategic coopetition: A seemingly unrelated regression approach

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  • Winston T. Lin
  • Juehui Shi

Abstract

Coopetition denotes the simultaneous cooperation and competition in a business relationship and is broader in depth and width than competition. This pioneering comparative study employs a seemingly unrelated regression system to investigate the impact of peer‐pay bias and pay‐for‐relative performance upon the highly controversial chief executive officer (CEO) pay. The analysis of the 21 Dow–Jones firms from 1992 to 2013 shows that the pay‐for‐performance relationship is contingent on the fit between CEO's strategic decisions and firm's core competency. The CEO pay is driven by the intensification of firm coopetition. We contribute to executive compensation, corporate strategy, and econometric methods.

Suggested Citation

  • Winston T. Lin & Juehui Shi, 2020. "Chief executive officer compensation, firm performance, and strategic coopetition: A seemingly unrelated regression approach," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(1), pages 130-144, January.
    • Handle: RePEc:wly:mgtdec:v:41:y:2020:i:1:p:130-144
    DOI: 10.1002/mde.3098
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    Cited by:

    1. Clement Olalekan Olaniyi & Olaolu Richard Olayeni, 2020. "A new perspective into the relationship between CEO pay and firm performance: evidence from Nigeria’s listed firms," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 22(2), pages 250-277, December.
    2. Clement Olalekan Olaniyi & Ademola Obafemi Young & Xuan Vinh Vo & Mamdouh Abdulaziz Saleh Al‐Faryan, 2022. "Do institutional framework and its threshold matter in the sensitivity of CEO pay to firm performance? Fresh insights from an emerging market economy," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(8), pages 3386-3403, December.
    3. Benjamin Liebman & Kasaundra Tomlin, 2023. "The long‐term impact of trade protection," The World Economy, Wiley Blackwell, vol. 46(3), pages 532-559, March.

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