Session 220
Perspectives on CEO Compensation
Track O |
Date: Monday, October 5, 2015 |
Track X |
Time: 11:15 – 12:30 |
Paper |
Room: Director's Row E |
Session Chair:
- Cynthia E Devers, Texas A&M University
Abstract: How CEOs are compensated in relation to rank and file employees is of increasing interest for research on executive compensation and strategy. This study contributes to our understanding of cross-national differences in pay dispersion between CEOs and workers by exploring how they are shaped by key country-level institutions of social power structures. Using the configurational approach Fuzzy Set Qualitative Comparative Analysis (fsQCA) to analyze a cross-national dataset, this study identifies institutional configurations that are consistently linked to high pay dispersion and its absence, respectively. These findings have important implications for theory and research on executive compensation.
Abstract: The influence of CEO pay on firm outcomes has been well-studied in the compensation and behavioral agency literatures. However, research on the pay of non-CEO decision-makers or how the social comparisons of their relative pay with industry referents affect firm outcomes remains scarce. Extending the behavioral agency model and social comparison theory, we seek to address this gap by developing a theoretical model in the context of top management team pay and analyzing how social comparisons of relative TMT stock and option wealth impact firm risk taking. We also consider the moderating influences of environmental munificence and dynamism to assess the theoretical boundary conditions. The empirical results offer considerable support for our hypotheses.
All Sessions in Track O...
- Sun: 08:00 – 09:15
- Session 40: Strategic Leadership and Governance Expanding: Shifts and New Directions in Research
- Sun: 09:45 – 11:00
- Session 283: Editor Panel: Publishing Strategic Leadership and Governance Research
- Sun: 11:15 – 12:30
- Session 38: Big Game Hunting: Accessing and Interacting with Senior Executives for Empirical Research
- Sun: 16:15 – 17:30
- Session 139: Do Top Managers Matter? Expanding the Focus and Knowledge
- Session 147: What Could Strategic IT Governance look like in Smart Cities?
- Sun: 17:45 – 00:00
- Session 324: Strategic Leadership and Governance Business Meeting
- Mon: 08:00 – 09:15
- Session 140: New Perspectives on the Outside Director Selection Process
- Mon: 11:15 – 12:30
- Session 141: Politics as Usual? Political Ideology in the Excutive Suite and Boardroom
- Session 220: Perspectives on CEO Compensation
- Mon: 13:45 – 15:00
- Session 142: Top Management Teams, Senior Executives and Corporate outcomes
- Session 215: Personality and Values in Strategic Leadership
- Mon: 16:45 – 18:00
- Session 216: Blame and Stigma in Response to Poor Orgnizational Outcomes
- Session 218: Consequences of Top Management Attitudes and Orientations for the Firm
- Tue: 08:00 – 09:15
- Session 217: Leadership and Governance in Family Firms
- Session 309: Looking Good and Sounding Better: Impression Management by CEOs
- Tue: 11:00 – 12:15
- Session 145: Strategic Leadership and Corporate Strategy
- Session 214: Director Attributes, Director Actions and Director Effectiveness
- Tue: 14:15 – 15:30
- Session 146: Gender and Diversity in Strategic Leadership and Governance
- Tue: 15:45 – 17:00
- Session 219: A Tough Crowd: Critical Examinations by Owners and Stakeholders
- Tue: 17:30 – 18:45
- Session 144: Board Structure: What Works Best?
- Session 189: Antecedents and Consequences of CEO Incentives
- Sun: 08:00 – 09:15
- Session 74: Open Strategy Workshops: Lessons Learned from Practising Strategizing
- Sun: 09:45 – 11:00
- Session 29: The Elephant in the Room: How public policy and institutions help drive innovation, entrepreneurship, and firm performance
- Session 76: The evolution of the strategy as a profession and the field of strategy
- Sun: 11:15 – 12:30
- Session 12: Environmental Entrepreneurship: How and When do Entrepreneurs address Environmental Degradation?
- Session 38: Big Game Hunting: Accessing and Interacting with Senior Executives for Empirical Research
- Sun: 13:45 – 14:30
- Session 307: Lifetime Achievement Award Recipient
- Sun: 14:45 – 15:45
- Session 7: New Frontiers in Technologies, Fields, and Business Models: Implications for Academic and Practice Knowledge Creation
- Sun: 16:15 – 17:30
- Session 61: The Institutional Level of Strategizing Activities
- Session 261: Knowledge Creation and Sharing in Virtual Communities
- Mon: 08:00 – 09:15
- Session 72: External Influences: Audiences and Media
- Session 126: Entry Mode & Cross-Border Acquisitions
- Session 140: New Perspectives on the Outside Director Selection Process
- Mon: 09:45 – 11:00
- Session 8: Elevating our Understanding of Organizational Performance: Bridging the Frontiers of Business and Corporate Strategies
- Mon: 11:15 – 12:30
- Session 149: Management and Coordination of Multinationals
- Session 220: Perspectives on CEO Compensation
- Mon: 13:45 – 15:00
- Session 16: Human Capital and Innovation
- Session 37: Political Ties: Knots or Bows?
- Session 63: Political and Material Aspects of Strategy Making
- Session 97: Accelerators, corporate VCs and new venture creation
- Session 258: Explainng CSR: External Factors
- Mon: 15:15 – 16:15
- Session 227: Mergers, Acquisitions and Divestitures: Reconfiguring Resource Bases for Value Creation and Growth
- Session 308: Strategy Beyond the Firm: Creating and Capturing Value from External Resources
- Session 310: When the Smoke Clears: The Emergence of the Cannabis Industry
- Session 311: Theory Fragmentation in Strategic Management?
- Session 312: Climate Change: Why and How Should Strategic Management Care?
- Mon: 16:45 – 18:00
- Session 42: The Word is Out! Stakeholder Responses to Public Signals of Firms' Behaviors
- Session 112: Acquisitions - Before the Deal
- Tue: 08:00 – 09:15
- Session 309: Looking Good and Sounding Better: Impression Management by CEOs
- Tue: 09:45 – 10:45
- Session 9: Whatever Happened to Theory in Strategic Management?
- Tue: 11:00 – 12:15
- Session 70: CEO Characteristics: Microfoundations of Behavioral Strategy
- Tue: 14:15 – 15:30
- Session 116: Acquisitions - After the Deal
- Tue: 15:45 – 17:00
- Session 52: Entrepreneurial business models
- Session 219: A Tough Crowd: Critical Examinations by Owners and Stakeholders
- Session 262: Pioneering Knowledge
- Tue: 17:30 – 18:45
- Session 144: Board Structure: What Works Best?
- Session 208: Internationalization Strategies and Performance