Top executive pay in Spanish banking system
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Altres documents de l'autoria: Ferrero-Ferrero, Idoya; Fernandez-Izquierdo, Maria Angeles; Muñoz-Torres, María Jesus
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Mostra el registre complet de l'elementcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8648
comunitat-uji-handle3:10234/8649
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INVESTIGACIONMetadades
Títol
Top executive pay in Spanish banking systemData de publicació
2014-08Editor
Cambridge University Press; Australian and New Zealand Academy of ManagementCita bibliogràfica
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.Tipus de document
info:eu-repo/semantics/articleVersió
info:eu-repo/semantics/submittedVersionParaules clau / Matèries
Resum
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. [-]
Publicat a
Journal of Management & Organization Volume 20, Issue 03, May 2014Drets d'accés
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
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