The Impact of the High Technology Crisis on CEO Compensation
The paper empirically examines CEO compensation in 125 IK high technology firms in an attempt to identify and understand any changes in the pay system evident after the global technology market correction in 2000. We find evidence that link between executive pay and market returns weakened and that the fixed component of executive pay in these companies rose post-adjustment. These changes appear to compensate executives for the increased risk associated with variable pay rather than rectify any perceived problems with executive incentives pre-2000.
High technology CEO compensation Financial crisis Options Corporate governance
Suwina Cheng Bruce A. Rayton
Department of Accountancy Lingnan University Hong Kong School of Management University of Bath United Kingdom
国际会议
大连
英文
131-136
2011-07-10（万方平台首次上网日期，不代表论文的发表时间）