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Top executive pay in Spanish banking system
dc.contributor.author | Ferrero-Ferrero, Idoya | |
dc.contributor.author | Fernandez-Izquierdo, Maria Angeles | |
dc.contributor.author | Muñoz-Torres, María Jesus | |
dc.date.accessioned | 2015-07-27T10:14:37Z | |
dc.date.available | 2015-07-27T10:14:37Z | |
dc.date.issued | 2014-08 | |
dc.identifier.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. | ca_CA |
dc.identifier.uri | http://hdl.handle.net/10234/129165 | |
dc.description.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 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. | ca_CA |
dc.format.extent | 14 p. | ca_CA |
dc.format.mimetype | application/pdf | ca_CA |
dc.language.iso | eng | ca_CA |
dc.publisher | Cambridge University Press | ca_CA |
dc.publisher | Australian and New Zealand Academy of Management | ca_CA |
dc.relation.isPartOf | Journal of Management & Organization Volume 20, Issue 03, May 2014 | ca_CA |
dc.rights | Copyright © Cambridge University Press and Australian and New Zealand Academy of Management 2014 | ca_CA |
dc.rights.uri | http://rightsstatements.org/vocab/InC/1.0/ | * |
dc.subject | top executive pay | ca_CA |
dc.subject | performance | ca_CA |
dc.subject | Spanish banking system | ca_CA |
dc.subject | financial crisis | ca_CA |
dc.subject | corporate governance | ca_CA |
dc.title | Top executive pay in Spanish banking system | ca_CA |
dc.type | info:eu-repo/semantics/article | ca_CA |
dc.identifier.doi | http://dx.doi.org/10.1017/jmo.2014.24 | |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | ca_CA |
dc.type.version | info:eu-repo/semantics/submittedVersion |
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