Top executive pay in Spanish banking system
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Otros documentos de la autoría: Ferrero-Ferrero, Idoya; Fernandez-Izquierdo, Maria Angeles; Muñoz-Torres, María Jesus
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Mostrar el registro completo del ítemcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8648
comunitat-uji-handle3:10234/8649
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Título
Top executive pay in Spanish banking systemFecha de publicación
2014-08Editor
Cambridge University Press; Australian and New Zealand Academy of ManagementCita bibliográfica
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.Tipo de documento
info:eu-repo/semantics/articleVersión
info:eu-repo/semantics/submittedVersionPalabras clave / Materias
Resumen
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. [-]
Publicado en
Journal of Management & Organization Volume 20, Issue 03, May 2014Derechos de acceso
Copyright © Cambridge University Press and Australian and New Zealand Academy of Management 2014
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info:eu-repo/semantics/openAccess
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
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