The Effects of Top Management Team Pay and Firm Internationalization on MNC Performance-Reference-Cited by-同舟云学术

The Effects of Top Management Team Pay and Firm Internationalization on MNC Performance

Published:2004-08 Issue:4 Volume:30 Page:509-528
ISSN:0149-2063
Container-title:Journal of Management
language:en
Short-container-title:Journal of Management

Author:

Carpenter Mason A.¹,Sanders Wm. Gerard²

Affiliation:

1. School of Business, University of Wisconsin-Madison, 975 University Avenue, Madison, WI 53706, USA

2. The Marriott School, Brigham Young University, Provo, UT 84602, USA

Abstract

We examine relationships among top management team (TMT) compensation, a firm’s degree of internationalization (DOI), and its subsequent levels of market and accounting performance. Consistent with our contingency view of information-processing theory, we find that non-CEO total pay and the use of long-term incentive pay are positively associated with subsequent performance, whereas the CEO–TMT total pay gap has negative effects on firm performance. CEO pay has no relationship with performance and TMT pay effects are much stronger in MNCs with high DOI.

Publisher

SAGE Publications

Subject

Strategy and Management,Finance

Link

http://journals.sagepub.com/doi/pdf/10.1016/j.jm.2004.02.001

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