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Specificity of CEO human capital and compensation
Author(s) -
Harris Dawn,
Helfat Constance
Publication year - 1997
Publication title -
strategic management journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 11.035
H-Index - 286
eISSN - 1097-0266
pISSN - 0143-2095
DOI - 10.1002/(sici)1097-0266(199712)18:11<895::aid-smj931>3.0.co;2-r
Subject(s) - executive compensation , business , human capital , compensation (psychology) , industrial organization , accounting , economics , corporate governance , market economy , finance , psychology , social psychology
Much research on top management compensation has focused on the relationship between pay and firm performance. Firms, however, may compensate executives for inputs such as skills, as well as for outputs such as firm performance. This study refocuses attention on the links between managerial abilities and compensation by examining pay differences between types of CEO successors who have differential skills—namely, internal and external successors. © 1997 John Wiley & Sons, Ltd.