Organizational Governance and Employee Pay : How Ownership Structure Affects The Firm’s Compensation Strategy  

Oleh:

Werner, Steve ; Tosi, Henry L. ; Gomez-Mejia, Luis

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 26 no. 4 (Apr. 2005), page 377-384.
Topik: ORGANIZATIONAL; executive compensation; employee pay; ownership structure

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.18 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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This research investigated how the ownership structure is related to the firm's overall compensation strategy. The findings extend previous research that focused primarily on CEO compensation strategy. We show that there are significant differences in the compensation practices that apply to all employees as a function of the ownership structure. The results show that for owner - controlled firms and oner - managed firms there is significant pay / performance sensitivity for all employees. In management - controlled firms, changes in pay are related to changes in size of the firm. These findings lead us to conclude that ownership structure not only affects upper management's pay, but also the pay of all empolyees throughs substantial differences in the firm's compensation practices.

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