The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
The effects of ownership structure on conditions at the top: The case of CEO pay raises
Abstract
We examine how ownership configuration affects the determination of CEO pay raises. Based on a sample of 188 firms over a 5‐year period, it was found that pay raises were based on distinctly different factors, depending on the ownership profile of the firm. In management‐controlled firms—where no single major owner exists—results suggest an overarching pay philosophy: maximize CEO pay, subject to demonstration of face legitimacy of that pay. In externally‐controlled firms—where a major (nonmanager) owner exists—results suggest a very different philosophy: minimize CEO pay, subject to the ability to attract/retain a satisfactory CEO.
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Citations
Cites
Top executive commitment to the status quo: Some tests of its determinants
Hambrick, D. C., Geletkanycz, M. A., & Fredrickson, J. W. (1993) · Strategic Management Journal · doi:10.1002/smj.4250140602 · Cited by 1,058
Self-citation
Cited by
Greckhamer, T. (2016) · Strategic Management Journal · doi:10.1002/smj.2370 · Cited by 403
Resource Dependence Theory – How Well Does It Explain Behavior of Organizations?
Nienhüser, W. (2008) · management revu · doi:10.5771/0935-9915-2008-1-2-9 · Cited by 235
Metadata
- Authors
- Hambrick, D. C., & Finkelstein, S.
- Venue
- Strategic Management Journal
- Publisher
- Wiley
- Published
- 1995-01
- Volume
- 16
- Issue
- 3
- Pages
- 175-193
- ISSN
- 0143-2095 (ISSN-L)
- 1097-0266
- OpenAlex
- W2010919015
- Cited by
- 360
- References
- 1
- FWCI
- 41.36
- Type
- journal article
- Language
- en
- Open access
- closed
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- Hambrick, D. C., & Finkelstein, S. (1995). The effects of ownership structure on conditions at the top: The case of CEO pay raises. Strategic Management Journal. https://doi.org/10.1002/smj.4250160304
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
