TITLE

SUBSTANCE AND SYMBOLISM IN CEOS' LONG-TERM INCENTIVE PLANS

AUTHOR(S)
Westphal, James D.; Zajac, Edward J.
PUB. DATE
August 1993
SOURCE
Academy of Management Best Papers Proceedings;1993, p232
SOURCE TYPE
Conference Proceeding
DOC. TYPE
Proceeding
ABSTRACT
This longitudinal study examines the economic and behavioral determinants of long-term incentive plans (LTIPS). We find that: (1) firms with powerful CEOs are more likely to announce LTIPs but less likely to actually use them; and (2) while early adopters of LTIPs are motivated by performance goals, later adopters are not.
ACCESSION #
10316996

 

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