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Titre: | Firm performance versus managerial power In determining CEO compensation: a critical study |
Auteur(s): | Slimani, Samiha |
Mots-clés: | CEO Compensation Managerial Power Theory Agency Theory |
Date de publication: | 2018 |
Editeur: | revue abaad iktissadia |
Collection/Numéro: | Volume 7, Numéro 1;PP. 565-578 |
Résumé: | To answer the question if chief executive officers (CEOs) are
compensated according to their performance or to their power in the
company, the current study attempts to provide a rich literature review
concerningAgency Theory (AT)and Management Power Theory (MPT)
in explaining top management compensation.
In practice, some empirical studies tie senior compensation
tomanagement power in order to test MPT and find that management
power is an important determinant of senior compensation;
whileotherstudies tie senior compensation to firm performance in order
to test ATand find that top management compensation is affected
essentially by firm performance.However, many studies’ results show no
support for the theories, which is used by researchers as a basis for
criticism.
Studies’ results vary from supporting to not supporting either AT or
MPT perhaps because results are conducted in different circumstances
and use different proxies for variables. This is why the debate ofhow
senior management compensation is decided is still ongoing |
URI/URL: | http://dlibrary.univ-boumerdes.dz:8080/handle/123456789/5445 |
ISSN: | 1112-8062 |
Collection(s) : | Publications Nationales
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