WHEN DO HIGH-LEVEL MANAGERS BELIEVE THEY CAN INFLUENCE THE STOCK PRICE? ANTECEDENTS OF STOCK PRICE EXPECTANCY COGNITIONS

abstract

• Stock based rewards are often used to motivate high-level managers to take actions to increase the stock price of the firm. However, numerous constraints may weaken the perceived link between individual effort and stock price appreciation for many recipients. This study introduces a new construct, stock price expectancy, which we define as individuals' perceptions of infiuence over their firm's stock price. We examined its antecedents in a sample of 349 high-level U.S. managers and found that employment at corporate headquarters, firm size, hierarchical level, and contact with investment analysts predicted stock price expectancy perceptions. 2010 Wiley Periodicals, Inc.

authors

• Boswell, Wendy

published proceedings

• HUMAN RESOURCE MANAGEMENT

author list (cited authors)

• Dunford, B. B., Boswell, W. R., & Boudreau, J. W.

citation count

• 6

complete list of authors

• Dunford, Benjamin B||Boswell, Wendy R||Boudreau, John W

publication date

• January 2010

publisher

• Wiley  Publisher

published in

• Human Resource Management  Journal

keywords

• Employee Ownership
• Executive Compensation
• Incentive Pay
• Motivation

Digital Object Identifier (DOI)

• 10.1002/hrm.20332

start page

• 23

end page

• 43

volume

• 49

issue

• 1

URL

• http%3A%2F%2Fdx.doi.org%2F10.1002%2Fhrm.20332

user-defined tag

• 3 Good Health and Well-Being