Top executive pay in Spanish banking system
View/ Open
Impact
Scholar |
Other documents of the author: Ferrero-Ferrero, Idoya; Fernandez-Izquierdo, Maria Angeles; Muñoz-Torres, María Jesus
Metadata
Show full item recordcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8648
comunitat-uji-handle3:10234/8649
comunitat-uji-handle4:
INVESTIGACIONMetadata
Title
Top executive pay in Spanish banking systemDate
2014-08Publisher
Cambridge University Press; Australian and New Zealand Academy of ManagementBibliographic citation
FERRERO-FERRERO, Idoya; FERNÁNDEZ-IZQUIERDO, María Ángeles; MUÑOZ-TORRES, María Jesús. Top executive pay in Spanish banking system. Journal of Management & Organization, 2014, 20.03: 333-347.Type
info:eu-repo/semantics/articleVersion
info:eu-repo/semantics/submittedVersionSubject
Abstract
This study examines consistency between compensation systems and corporate performance. The main purpose is to analyse how the performance has affected the short-term executive pay in Spanish banking system during the ... [+]
This study examines consistency between compensation systems and corporate performance. The main purpose is to analyse how the performance has affected the short-term executive pay in Spanish banking system during the period 2004–2008. The main results reveal that pay-performance sensitivity is asymmetrical regarding the sign of the variation of the performance, since the pay-performance sensitivity is greater when the variation of the results is positive than when the variation of the results is negative. This finding is consistent with the managerial power theory and calls into question the role of the pay-performance incentives to align interest of executives and shareholders. [-]
Is part of
Journal of Management & Organization Volume 20, Issue 03, May 2014Rights
Copyright © Cambridge University Press and Australian and New Zealand Academy of Management 2014
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
This item appears in the folowing collection(s)
- COFIN_Articles [218]