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CONTRIBUTORS:
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JOURNAL:
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YEAR:
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1993
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PUB TYPE:
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Journal Article
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SUBJECT(S):
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Incentives-in-industry; Executives-Salaries-pensions-etc; Agency-Economics
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DISCIPLINE:
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No discipline assigned
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HTTP:
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LANGUAGE:
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English
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PUB ID:
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103-344-079
(Last edited on
2005/03/10 10:22:38 US/Mountain)
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SPONSOR(S):
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ABSTRACT:
To improve understanding and design of organizational incentives, we used confidential compensation data obtained for four distinct organizational levels (ranging from plant manager to corporate chief executive officer) to evaluate the ability of tournament, managerial power, and agency theories to explain these observed compensation data. Our results suggest that organizational incentives are most appropriately characterized by a combination of these models, rather than being completely described by a single theoretical description.
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STATISTICS
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