Abstract
The paper empirically examines CEO compensation in 125 UK high technology firms in an attempt to identify and understand any changes in the pay system evident after the global technology market correction in 2000. We find evidence that link between executive pay and market returns weakened and that the fixed component of executive pay in these companies rose post-adjustment. These changes appear to compensate executives for the increased risk associated with variable pay rather than rectify any perceived problems with executive incentives pre-2000.
Original language | English |
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Title of host publication | APBITM 2011 - Proceedings2011 IEEE International Summer Conference of Asia Pacific Business Innovation and Technology Management |
Place of Publication | Piscataway, NJ |
Publisher | IEEE |
Pages | 131-136 |
Number of pages | 6 |
ISBN (Electronic) | 978-1-4244-9655-6 |
ISBN (Print) | 9781424496525 |
DOIs | |
Publication status | Published - Jul 2011 |
Event | 2011 IEEE International Summer Conference of Asia Pacific Business Innovation and Technology Management, APBITM 2011, July 10, 2011 - July 12, 2011 - Dalian, China Duration: 1 Jul 2011 → … |
Conference
Conference | 2011 IEEE International Summer Conference of Asia Pacific Business Innovation and Technology Management, APBITM 2011, July 10, 2011 - July 12, 2011 |
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Country/Territory | China |
City | Dalian |
Period | 1/07/11 → … |