Strategic reward systems: A contingency model of pay system design

Strategic Management Journal

Volumn 22, Issue 8, 2001, Pages 777-792

  Boyd, Brian K ^a   Salamin, Alain ^b,c  

^a ARIZONA STATE UNIVERSITY   (United States)

^b UNIVERSITY OF LAUSANNE   (Switzerland)

^c Analysis and Perception Department   (Switzerland)

Author keywords

Compensation; Contingency theory; International; Managerial discretion

Indexed keywords

EID: 0010215221     PISSN: 01432095     EISSN: None     Source Type: Journal    
DOI: 10.1002/smj.170     Document Type: Article

References (47)

1. Balkin DB, Gomez-Mejia LR. 1987. Toward a contingency theory of compensation strategy. Strategic Management Journal 8(2): 169-182.
2. Balkin DB, Gomez-Mejia LR. 1990. Matching compensation and organizational strategies. Strategic Management Journal 11(2): 153-169.
3. Barkema H. 1996. The effects of board control and compensation mix on strategic orientation. In Advances in International Comparative Management, Vol. 11, Prasad BS, Boyd BK (eds). JAI Press: Greenwich. CT; 127-141.
4. Barney J. 1991 Firm resources and sustained competitive advantage. Journal of Management 17: 99-120.
5. Boyd BK, Reaning-Elliott E. 1998. A measurement model of strategic planning. Strategic Management Journal 19(2): 181-192.
6. Carpenter MA, Golden B. 1997. Perceived managerial discretion: a study of cause and effect. Strategic Management Journal 18(2): 187-206.
7. Chaganti R, Sambharya R. 1987. Strategic orientation and upper echelon characteristics. Strategic Management Journal 8(4): 393-401.
8. Cohen J, Cohen P. 1975. Applied Multiple Regression/ Correlation Analysis for the Behavioral Sciences. Erlbaum: Hillsdale/NJ.
9. Finkelstein S, Boyd BK. 1998. How much does the CEO matter? The role of managerial discretion in the setting of CEO compensation. Academy of Management Journal 41: 179-199.
10. Finkelstein S, Hambrick DC. 1990. Top-management-team tenure and organizational outcomes: the moderating role of managerial discretion. Administrative Science Quarterly 35: 484-503.
11. Galbraith CS, Merrill GB. 1991. The effect of compensation program and structure on SBU competitive strategy: a study of technology-intensive firms. Strategic Management Journal 12(5): 353-370.
12. Gomez-Mejia LR. 1992. Structure and process of diversification, compensation strategy, and firm performance. Strategic Management Journal 13(5): 381-397.
13. Gomez-Mejia LR. 1994. Executive compensation: a reassessment and a future research agenda. In Research in Personnel and Human Resources Management, Vol. 12, Ferris GR (ed.). JAI Press: Greenwich. CT; 161-222.
14. Gomez-Mejia LR, Wiseman RM. 1997. Reframing executive compensation: an assessment and outlook. Journal of Management 23: 291-374.
15. Govindarajan V, Gupta A. 1985. Linking control systems to business unit strategy: impact on performance. Accounting, Organizations and Society 10: 51-66.
16. Gupta AK, Govindarajan V. 1984. Build, hold, harvest: converting strategic intentions into reality. Journal of Business Strategy 4: 34-47.
17. Hambrick DC. 1983. Some tests of the effectiveness and functional attributes of Miles and Snow's strategic types. Academy of Management Journal 26: 5-26.
18. Hambrick DC, Abrahamson E. 1995. Assessing managerial discretion across industries: a multimethod approach. Academy of Management Journal 38: 1427-1441.
19. Hambrick DC, Finkelstein S. 1987. Managerial discretion: a bridge between polar views of organizations. In Research in Organizational Behavior, Vol. 9, Cummings LL, Staw BM (eds). JAI Press: Greenwich, CT; 369-406.
20. Hambrick DC, Snow CC. 1989. Strategic reward systems. In Strategy, Organization Design, and Human Resource Management, Snow CC (ed.). JAI Press: Greenwich. CT; 333-368.
21. Holmstrom B. 1979. Moral hazard and observability. Bell Journal of Economics 14: 74-91.
22. Hoskisson RE, Hiu MA, Hill CWL. 1993. Managerial incentives and investment in R&D in large multiproduct firms. Organization Science 4: 325-341.
23. James WL, Hatten KJ. 1995. Further evidence on the validity of the self typing paragraph approach: Miles and Snow strategic archetypes in banking. Strategic Management Journal 16(2): 161-168.
24. Kerr J. 1985. Diversification strategies and managerial rewards: an empirical study. Academy of Management Journal 28: 155-179.
25. Larcker DF. 1983. The association between performance plan adoption and corporate capital investment. Journal of Accounting and Economics 5: 3-30.
26. Meyer A. 1982. Adapting to environmental jolts. Administrative Science Quarterly 27: 515-537.
27. Miles RE, Snow CC. 1978. Organizational Strategy, Structure and Process. McGraw-Hill: New York.
28. Milkovich GT. 1988. A strategic perspective on compensation management. In Research in Personnel and Human Resources Management, Vol. 6, Ferris GR (ed.). JAI Press: Greenwich, CT; 263-288.
29. Mintzberg H. 1983. Power in and Around Organizations. Prentice-Hall: Englewood Cliffs, NJ.
30. Murphy K. 1985. Corporate performance and managerial remuneration. Journal of Accounting and Economics 7: 11-42.
31. Napier NK, Smith M. 1987. Product diversification, performance criteria and compensation at the corporate manager level. Strategic Management Journal 8(2): 195-201.
32. Odom R, Boxx WE. 1988. Environment, planning processes, and organizational performance of churches. Strategic Management Journal 9(2): 197-205.
33. Pennings JM. 1993 Executive reward systems: a cross-national comparison. Journal of Management Studies 30: 261-280.
34. Pfeffer J, Salancik GR. 1978. The External Control of Organizations. Harper & Row: New York.
35. Pitts RA. 1976. Diversification strategies and organizational policies of large diversified firms. Journal of Economics and business 8: 181-188.
36. Rajagopalan N. 1997. Strategic orientations, incentive plan adoptions, and firm performance: evidence from electric utility firms. Strategic Management Journal 18(10): 761-785.
37. Rajagopalan N, Finkelstein S. 1992. Effects of strategic orientation and environmental change on senior management reward system. Strategic Management Journal, Summer Special Issue 13: 127-142.
38. Rajagopalan N, Prescott JE. 1990. Determinants of top executive compensation: explaining the impact of economic, behavioral, and strategic constructs and the moderating effects of industry. Journal of Management 16: 515-538.
39. Roth K, O'Donnell S. 1996. Foreign subsidiary compensation strategy: an agency theory perspective. Academy of Management Journal 39: 678-703.
40. Salter M. 1973. Tailor incentive compensation to strategy. Harvard Business Review 51(2): 94-102.
41. Shortell SM, Zajac EJ. 1990. Perceptual and archival measures of Miles and Snow's strategic types: a comprehensive assessment of reliability and validity. Academy of Management Journal 33: 817-832.
42. Slocum JW, Cron WL, Hansen RW, Rawlings S. 1985. Business strategy and the management of plateaued employees. Academy of Management Journal 28: 133-154.
43. Snow CC, Hrebreniak LG. 1980. Strategy, distinctive competence and organizational performance. Administrative Science Quarterly 25: 317-335.
44. Walsh JP, Seward JK. 1990. On the efficiency of internal and external corporate control mechanisms. Academy of Management Review 15: 421-458.
45. Wright PM, Smart DL, McMahan GC. 1995. Matches between human resources and strategy among NCAA basketball teams. Academy of Management Journal 38: 1052-1074.
46. Zahra SA. 1987. Corporate strategic types, environmental perceptions, managerial philosophies, and goals: an empirical study. Akron Business and Economic Review 18: 64-77.
47. Zahra SA, Pearce JA. 1990. Research evidence on the Miles-Snow typology. Journal of Management 16: 751-768.