Executive compensation: A multidisciplinary review of recent developments Academic Article

abstract

• The failure to document a consistent and robust relationship between executive pay and firm performance has frustrated scholars and practitioners for over three quarters of a century. Although recent compensation research has revealed alternative theoretical frameworks and findings that hold the potential to significantly improve our understanding of executive compensation, to date this diverse literature lacks theoretical integration. Accordingly, we develop a framework to organize and review these recent findings. We further identify methodological issues and concerns, discuss the implications of these concerns, and provide recommendations for future research aimed at developing a more integrated research agenda.

authors

• Cannella, Albert
• Devers, Cynthia

published proceedings

• JOURNAL OF MANAGEMENT

author list (cited authors)

• Devers, C. E., Cannella, A., Reilly, G. P., & Yoder, M. E.

citation count

• 397

complete list of authors

• Devers, Cynthia E||Cannella, Albert A Jr||Reilly, Gregory P||Yoder, Michele E

publication date

• January 2007

publisher

• SAGE Publications  Publisher

published in

• Journal of Management  Journal

keywords

• Agency Theory
• Behavioral Theory
• Compensation Design
• Corporate Governance
• Executive Compensation
• Incentive Pay
• Risk

Digital Object Identifier (DOI)

• 10.1177/0149206307308588

start page

• 1016

end page

• 1072

volume

• 33

issue

• 6

URL

• http://dx.doi.org/10.1177/0149206307308588