Executive compensation

A multidisciplinary review of recent developments

Cynthia E. Devers, Albert A. Cannella, Gregory P. Reilly, Michele E. Yoder

Research output: Contribution to journalArticle

251 Citations (Scopus)

Abstract

The failure to document a consistent and robust relationship between executive pay and firm performance has frustrated scholars and practitioners for over three quarters of a century. Although recent compensation research has revealed alternative theoretical frameworks and findings that hold the potential to significantly improve our understanding of executive compensation, to date this diverse literature lacks theoretical integration. Accordingly, we develop a framework to organize and review these recent findings. We further identify methodological issues and concerns, discuss the implications of these concerns, and provide recommendations for future research aimed at developing a more integrated research agenda.

Original languageEnglish (US)
Pages (from-to)1016-1072
Number of pages57
JournalJournal of Management
Volume33
Issue number6
DOIs
StatePublished - Dec 2007
Externally publishedYes

Fingerprint

Executive compensation
Research agenda
Firm performance
Executive pay
Integrated
Theoretical framework

Keywords

  • Agency theory
  • Behavioral theory
  • Compensation design
  • Corporate governance
  • Executive compensation
  • Incentive pay
  • Risk

ASJC Scopus subject areas

  • Strategy and Management
  • Finance

Cite this

Devers, C. E., Cannella, A. A., Reilly, G. P., & Yoder, M. E. (2007). Executive compensation: A multidisciplinary review of recent developments. Journal of Management, 33(6), 1016-1072. https://doi.org/10.1177/0149206307308588

Executive compensation : A multidisciplinary review of recent developments. / Devers, Cynthia E.; Cannella, Albert A.; Reilly, Gregory P.; Yoder, Michele E.

In: Journal of Management, Vol. 33, No. 6, 12.2007, p. 1016-1072.

Research output: Contribution to journalArticle

Devers, CE, Cannella, AA, Reilly, GP & Yoder, ME 2007, 'Executive compensation: A multidisciplinary review of recent developments', Journal of Management, vol. 33, no. 6, pp. 1016-1072. https://doi.org/10.1177/0149206307308588
Devers, Cynthia E. ; Cannella, Albert A. ; Reilly, Gregory P. ; Yoder, Michele E. / Executive compensation : A multidisciplinary review of recent developments. In: Journal of Management. 2007 ; Vol. 33, No. 6. pp. 1016-1072.
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