Other People's Money: The Effects of Ownership on Compensation Strategy and Managerial Pay
| dc.contributor.author | Werner, Steve | |
| dc.contributor.author | Tosi, Henry L. | |
| dc.date.accessioned | 2019-10-01T15:51:18Z | |
| dc.date.available | 2019-10-01T15:51:18Z | |
| dc.date.issued | 12/1/1995 | |
| dc.description.abstract | This study analyzes the compensation strategy of firms. We examined differences in the pay and incentives of lower-level managers in firms with different levels of management discretion. We found that firms with higher managerial discretion paid compensation premiums through higher salaries, greater bonuses, and more long-term incentives; however, changes in pay were not related to changes in performance, and high-discretion firms did not perform better than other types of firms. | |
| dc.identifier | 10.5465/256849 | |
| dc.identifier.citation | Copyright 1995 Academy of Management Journal. Recommended citation: Werner, S., and Tosi, H.L. 1995. Other People's Money: The Effects of Ownership on Compensation Strategy and Managerial Pay. Academy of Management Journal, 38(6): 1672-1691. DOI: 10.5465/256849 URL: https://journals.aom.org/doi/pdf/10.5465/256849 Reproduced in accordance with the original publisher’s licensing terms and with permission from the author(s). | |
| dc.identifier.uri | https://hdl.handle.net/10657/4919 | |
| dc.language.iso | en_US | |
| dc.publisher | Academy of Management Journal | |
| dc.subject | Compensation management | |
| dc.subject | Executive compensation | |
| dc.subject | Pensions | |
| dc.subject | Xecutives | |
| dc.subject | Wages | |
| dc.subject | Job performance | |
| dc.subject | Incentives in industry | |
| dc.subject | Labor costs | |
| dc.subject | Organizational sociology | |
| dc.subject | Personnel management | |
| dc.title | Other People's Money: The Effects of Ownership on Compensation Strategy and Managerial Pay | |
| dc.type | Article |