TITLE

MARKET COMPARISON EARNINGS AND THE BIDDING-UP OF EXECUTIVE CASH COMPENSATION: EVIDENCE FROM THE UNITED KINGDOM

AUTHOR(S)
Ezzamel, Mahmoud; Watson, Robert
PUB. DATE
April 1998
SOURCE
Academy of Management Journal;Apr98, Vol. 41 Issue 2, p221
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The authors argue that compensation committees will pay executives at least at the going rate and that deviations from that rate will influence subsequent pay. In a sample of large U.K. companies, the authors estimated whether asymmetric responses to pay anomalies explained executive pay. All three of their pay anomaly measures were statistically related to subsequent pay. Moreover, there was significant nonlinear adjustment toward the going rate for underpaid executives.
ACCESSION #
590012

 

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics