The impact of the high technology crisis on CEO compensation
Reference:
Cheng, S. and Rayton, B. A., 2011. The impact of the high technology crisis on CEO compensation. In: APBITM 2011 - Proceedings2011 IEEE International Summer Conference of Asia Pacific Business Innovation and Technology Management. Piscataway, NJ: IEEE Computer Society, pp. 131-136.
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Official URL:
http://dx.doi.org/10.1109/APBITM.2011.5996308
Abstract
The paper empirically examines CEO compensation in 125 UK high technology firms in an attempt to identify and understand any changes in the pay system evident after the global technology market correction in 2000. We find evidence that link between executive pay and market returns weakened and that the fixed component of executive pay in these companies rose post-adjustment. These changes appear to compensate executives for the increased risk associated with variable pay rather than rectify any perceived problems with executive incentives pre-2000.
Details
| Item Type | Book Sections |
| Creators | Cheng, S.and Rayton, B. A. |
| DOI | 10.1109/APBITM.2011.5996308 |
| Departments | School of Management |
| Publisher Statement | Rayton_APBITM_2011_131.pdf: © 2011 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.; Rayton_APBITM_2011_131.doc: © 2011 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works. |
| Status | Published |
| ID Code | 26160 |
| Additional Information | 2011 IEEE International Summer Conference of Asia Pacific Business Innovation and Technology Management, APBITM 2011. 10-12 July 2011. Dalian, China. |
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