Stakeholder Management as A Predictor of CEO Compensation : Main Effects and Interactions With Financial Performance  

Oleh:

Gilley, K. Matthew ; Coombs, Joseph E.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 26 no. 9 (Sep. 2005), page 827-840.
Topik: STAKEHOLDERS; CEO compensation; stakeholders; firm performance

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.20 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

We test the effects of stakeholder management on CEOs' salaries, bonuses, stock options, and total compensation. We also examine the extent to which the itneraction of stakeholder management and financial performance determines compensation. Using a longitudinal database of 406 fortune 1000 firms, our results suggest that stakeholder management is relevant to boards of directors when setting CEO compensation. Specifically, we found a significant, negative main effect of stakeholder management on CEO salaeries. Further, we found that stakeholder management typically reduces the rewards indicate that CEOs may jeopardize their personal wealth by pursuing stakeholder - related initiatives.

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