The price of change: The role of CEO compensation in strategic variation and deviation from industry strategy norms

被引：96

作者：

Carpenter, MA ^{[1
]}

机构：

[1] Univ Wisconsin, Sch Business, Madison, WI 53706 USA

来源：

JOURNAL OF MANAGEMENT | 2000年 / 26卷 / 06期

关键词：

D O I：

10.1177/014920630002600606

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This research rests 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 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. (C) 2000 Elsevier Science Inc. All rights reserved.

引用

页码：1179 / 1198

页数：20

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