The Joint Impact of Executive Pay Disparity and Corporate Governance on Corporate Performance
Tournament theory provides the basis for an assessment of the impact of pay disparity on performance. New evidence is provided regarding tournament theory by assessing two questions: (1) whether pay disparity leads to incentives for managers to engage in strategies that benefit the shareholders of t...
Gespeichert in:
| Veröffentlicht in: | Journal of managerial issues 2010-09, Vol.22 (3), p.306-329 |
|---|---|
| Hauptverfasser: | , , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 329 |
|---|---|
| container_issue | 3 |
| container_start_page | 306 |
| container_title | Journal of managerial issues |
| container_volume | 22 |
| creator | Pissaris, Seema Jeffus, Wendy Gleason, Kimberly C. |
| description | Tournament theory provides the basis for an assessment of the impact of pay disparity on performance. New evidence is provided regarding tournament theory by assessing two questions: (1) whether pay disparity leads to incentives for managers to engage in strategies that benefit the shareholders of the firm and (2) whether governance quality moderates the pay disparity-performance relationship, consistent with agency theory. Four measures of corporate governance are examined in order to assess governance's moderating role on the relationship between pay disparity and firm performance. The results suggest that while pay disparity can provide incentives for better performance, consistent with tournament theory, it can become destructive if it is reflective of agency conflict. |
| format | Article |
| fullrecord | <record><control><sourceid>gale_proqu</sourceid><recordid>TN_cdi_proquest_journals_845550627</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><galeid>A244716585</galeid><jstor_id>20798914</jstor_id><sourcerecordid>A244716585</sourcerecordid><originalsourceid>FETCH-LOGICAL-g292t-6e7418e301f2c70558327c52d16f814149ac8dd1f9f2e8718b4f56150673bbef3</originalsourceid><addsrcrecordid>eNptzl9LwzAQAPAiCs4_H0EI-molSZMmfRxzTkXQB32UkqWXmrEmNUmH-_ZW5oPCOLiDu98dd5BNaEFlLpjAh9mEYMbzoqz4cXYS4wpjTCjDk-z99QPQo7cuoYeuVzohb9D8C_SQ7AbQi9qiWxt7FWzaIuUaNPOh90ElQAu_geCU04C8-9N_gWB86H4GZ9mRUesI57_1NHu7m7_O7vOn58XDbPqUt7SiKS9BMCKhwMRQLTDnsqBCc9qQ0kjCCKuUlk1DTGUoSEHkkhleEo5LUSyXYIrT7HJ3tw_-c4CY6pUfxt_WsZaM8xFSMaKrHWrVGmrrjE9B6c5GXU8pY4KUXPJR5XtUCw6CWnsHxo7tf_5mjx-jgc7qvQvXfxaWQ7QO4piibT9SbNUQ439-seOrmHyo-2A7FbY1xaKSFWHFNw45k28</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>845550627</pqid></control><display><type>article</type><title>The Joint Impact of Executive Pay Disparity and Corporate Governance on Corporate Performance</title><source>JSTOR Archive Collection A-Z Listing</source><creator>Pissaris, Seema ; Jeffus, Wendy ; Gleason, Kimberly C.</creator><creatorcontrib>Pissaris, Seema ; Jeffus, Wendy ; Gleason, Kimberly C.</creatorcontrib><description>Tournament theory provides the basis for an assessment of the impact of pay disparity on performance. New evidence is provided regarding tournament theory by assessing two questions: (1) whether pay disparity leads to incentives for managers to engage in strategies that benefit the shareholders of the firm and (2) whether governance quality moderates the pay disparity-performance relationship, consistent with agency theory. Four measures of corporate governance are examined in order to assess governance's moderating role on the relationship between pay disparity and firm performance. The results suggest that while pay disparity can provide incentives for better performance, consistent with tournament theory, it can become destructive if it is reflective of agency conflict.</description><identifier>ISSN: 1045-3695</identifier><identifier>EISSN: 2328-7470</identifier><identifier>CODEN: JMAIE9</identifier><language>eng</language><publisher>Pittsburg: Pittsburg State University</publisher><subject>Analysis ; Boards of directors ; Business management ; Business structures ; Chief executive officers ; Compensation and benefits ; Conflicts of interest ; Corporate governance ; Correlation analysis ; Employees ; Executive compensation ; Executives ; Government performance ; Human capital ; Human resource management ; Impact analysis ; Industrial management ; Industry ; Institutional investments ; Management science ; Managers ; Shareholders ; Stockholders ; Studies ; Wage differential</subject><ispartof>Journal of managerial issues, 2010-09, Vol.22 (3), p.306-329</ispartof><rights>Copyright @ 2010 Pittsburg State University</rights><rights>COPYRIGHT 2010 Pittsburg State University - Department of Economics</rights><rights>Copyright Pittsburg State University, Department of Economics Fall 2010</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/20798914$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://www.jstor.org/stable/20798914$$EHTML$$P50$$Gjstor$$H</linktohtml><link.rule.ids>314,780,784,803,58017,58250</link.rule.ids></links><search><creatorcontrib>Pissaris, Seema</creatorcontrib><creatorcontrib>Jeffus, Wendy</creatorcontrib><creatorcontrib>Gleason, Kimberly C.</creatorcontrib><title>The Joint Impact of Executive Pay Disparity and Corporate Governance on Corporate Performance</title><title>Journal of managerial issues</title><description>Tournament theory provides the basis for an assessment of the impact of pay disparity on performance. New evidence is provided regarding tournament theory by assessing two questions: (1) whether pay disparity leads to incentives for managers to engage in strategies that benefit the shareholders of the firm and (2) whether governance quality moderates the pay disparity-performance relationship, consistent with agency theory. Four measures of corporate governance are examined in order to assess governance's moderating role on the relationship between pay disparity and firm performance. The results suggest that while pay disparity can provide incentives for better performance, consistent with tournament theory, it can become destructive if it is reflective of agency conflict.</description><subject>Analysis</subject><subject>Boards of directors</subject><subject>Business management</subject><subject>Business structures</subject><subject>Chief executive officers</subject><subject>Compensation and benefits</subject><subject>Conflicts of interest</subject><subject>Corporate governance</subject><subject>Correlation analysis</subject><subject>Employees</subject><subject>Executive compensation</subject><subject>Executives</subject><subject>Government performance</subject><subject>Human capital</subject><subject>Human resource management</subject><subject>Impact analysis</subject><subject>Industrial management</subject><subject>Industry</subject><subject>Institutional investments</subject><subject>Management science</subject><subject>Managers</subject><subject>Shareholders</subject><subject>Stockholders</subject><subject>Studies</subject><subject>Wage differential</subject><issn>1045-3695</issn><issn>2328-7470</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2010</creationdate><recordtype>article</recordtype><sourceid>N95</sourceid><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>AZQEC</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><sourceid>GNUQQ</sourceid><recordid>eNptzl9LwzAQAPAiCs4_H0EI-molSZMmfRxzTkXQB32UkqWXmrEmNUmH-_ZW5oPCOLiDu98dd5BNaEFlLpjAh9mEYMbzoqz4cXYS4wpjTCjDk-z99QPQo7cuoYeuVzohb9D8C_SQ7AbQi9qiWxt7FWzaIuUaNPOh90ElQAu_geCU04C8-9N_gWB86H4GZ9mRUesI57_1NHu7m7_O7vOn58XDbPqUt7SiKS9BMCKhwMRQLTDnsqBCc9qQ0kjCCKuUlk1DTGUoSEHkkhleEo5LUSyXYIrT7HJ3tw_-c4CY6pUfxt_WsZaM8xFSMaKrHWrVGmrrjE9B6c5GXU8pY4KUXPJR5XtUCw6CWnsHxo7tf_5mjx-jgc7qvQvXfxaWQ7QO4piibT9SbNUQ439-seOrmHyo-2A7FbY1xaKSFWHFNw45k28</recordid><startdate>20100922</startdate><enddate>20100922</enddate><creator>Pissaris, Seema</creator><creator>Jeffus, Wendy</creator><creator>Gleason, Kimberly C.</creator><general>Pittsburg State University</general><general>Pittsburg State University - Department of Economics</general><general>Pittsburg State University, Department of Economics</general><scope>N95</scope><scope>XI7</scope><scope>0U~</scope><scope>1-H</scope><scope>3V.</scope><scope>4S-</scope><scope>4T-</scope><scope>4U-</scope><scope>7WY</scope><scope>7WZ</scope><scope>7X5</scope><scope>7XB</scope><scope>87Z</scope><scope>88C</scope><scope>88G</scope><scope>8A3</scope><scope>8FI</scope><scope>8FJ</scope><scope>8FK</scope><scope>8FL</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FRNLG</scope><scope>FYUFA</scope><scope>F~G</scope><scope>GHDGH</scope><scope>GNUQQ</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>L.0</scope><scope>M0C</scope><scope>M0T</scope><scope>M2M</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PRINS</scope><scope>PSYQQ</scope><scope>Q9U</scope><scope>S0X</scope></search><sort><creationdate>20100922</creationdate><title>The Joint Impact of Executive Pay Disparity and Corporate Governance on Corporate Performance</title><author>Pissaris, Seema ; Jeffus, Wendy ; Gleason, Kimberly C.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-g292t-6e7418e301f2c70558327c52d16f814149ac8dd1f9f2e8718b4f56150673bbef3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2010</creationdate><topic>Analysis</topic><topic>Boards of directors</topic><topic>Business management</topic><topic>Business structures</topic><topic>Chief executive officers</topic><topic>Compensation and benefits</topic><topic>Conflicts of interest</topic><topic>Corporate governance</topic><topic>Correlation analysis</topic><topic>Employees</topic><topic>Executive compensation</topic><topic>Executives</topic><topic>Government performance</topic><topic>Human capital</topic><topic>Human resource management</topic><topic>Impact analysis</topic><topic>Industrial management</topic><topic>Industry</topic><topic>Institutional investments</topic><topic>Management science</topic><topic>Managers</topic><topic>Shareholders</topic><topic>Stockholders</topic><topic>Studies</topic><topic>Wage differential</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Pissaris, Seema</creatorcontrib><creatorcontrib>Jeffus, Wendy</creatorcontrib><creatorcontrib>Gleason, Kimberly C.</creatorcontrib><collection>Gale Business: Insights</collection><collection>Business Insights: Essentials</collection><collection>Global News & ABI/Inform Professional</collection><collection>Trade PRO</collection><collection>ProQuest Central (Corporate)</collection><collection>BPIR.com Limited</collection><collection>Docstoc</collection><collection>University Readers</collection><collection>Access via ABI/INFORM (ProQuest)</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>Entrepreneurship Database</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>Healthcare Administration Database (Alumni)</collection><collection>Psychology Database (Alumni)</collection><collection>Entrepreneurship Database (Alumni Edition)</collection><collection>Hospital Premium Collection</collection><collection>Hospital Premium Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>ProQuest Central Essentials</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>Business Premium Collection (Alumni)</collection><collection>Health Research Premium Collection</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>Health Research Premium Collection (Alumni)</collection><collection>ProQuest Central Student</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Professional Standard</collection><collection>ABI/INFORM Global</collection><collection>Healthcare Administration Database</collection><collection>Psychology Database</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central China</collection><collection>ProQuest One Psychology</collection><collection>ProQuest Central Basic</collection><collection>SIRS Editorial</collection><jtitle>Journal of managerial issues</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Pissaris, Seema</au><au>Jeffus, Wendy</au><au>Gleason, Kimberly C.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>The Joint Impact of Executive Pay Disparity and Corporate Governance on Corporate Performance</atitle><jtitle>Journal of managerial issues</jtitle><date>2010-09-22</date><risdate>2010</risdate><volume>22</volume><issue>3</issue><spage>306</spage><epage>329</epage><pages>306-329</pages><issn>1045-3695</issn><eissn>2328-7470</eissn><coden>JMAIE9</coden><abstract>Tournament theory provides the basis for an assessment of the impact of pay disparity on performance. New evidence is provided regarding tournament theory by assessing two questions: (1) whether pay disparity leads to incentives for managers to engage in strategies that benefit the shareholders of the firm and (2) whether governance quality moderates the pay disparity-performance relationship, consistent with agency theory. Four measures of corporate governance are examined in order to assess governance's moderating role on the relationship between pay disparity and firm performance. The results suggest that while pay disparity can provide incentives for better performance, consistent with tournament theory, it can become destructive if it is reflective of agency conflict.</abstract><cop>Pittsburg</cop><pub>Pittsburg State University</pub><tpages>24</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 1045-3695 |
| ispartof | Journal of managerial issues, 2010-09, Vol.22 (3), p.306-329 |
| issn | 1045-3695 2328-7470 |
| language | eng |
| recordid | cdi_proquest_journals_845550627 |
| source | JSTOR Archive Collection A-Z Listing |
| subjects | Analysis Boards of directors Business management Business structures Chief executive officers Compensation and benefits Conflicts of interest Corporate governance Correlation analysis Employees Executive compensation Executives Government performance Human capital Human resource management Impact analysis Industrial management Industry Institutional investments Management science Managers Shareholders Stockholders Studies Wage differential |
| title | The Joint Impact of Executive Pay Disparity and Corporate Governance on Corporate Performance |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-25T02%3A12%3A41IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-gale_proqu&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=The%20Joint%20Impact%20of%20Executive%20Pay%20Disparity%20and%20Corporate%20Governance%20on%20Corporate%20Performance&rft.jtitle=Journal%20of%20managerial%20issues&rft.au=Pissaris,%20Seema&rft.date=2010-09-22&rft.volume=22&rft.issue=3&rft.spage=306&rft.epage=329&rft.pages=306-329&rft.issn=1045-3695&rft.eissn=2328-7470&rft.coden=JMAIE9&rft_id=info:doi/&rft_dat=%3Cgale_proqu%3EA244716585%3C/gale_proqu%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=845550627&rft_id=info:pmid/&rft_galeid=A244716585&rft_jstor_id=20798914&rfr_iscdi=true |