Industry categories and the politics of the comparable firm in CEO compensation

Administrative Science Quarterly

Volumn 44, Issue 1, 1999, Pages 112-144

  Porac, Joseph F ^a   Wade, James B ^a   Pollock, Timothy G ^b  

^a UNIVERSITY OF ILLINOIS AT URBANA CHAMPAIGN   (United States)

^b NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0033247483     PISSN: 00018392     EISSN: None     Source Type: Journal    
DOI: 10.2307/2667033     Document Type: Article

References (66)

1. Abell, Derek 1980 Defining the Business: The Starting Point of Strategic Planning. New York: West.
2. Abrahamson, Eric, and Charles J. Fombrun 1994 "Macrocultures: Determinants and consequences." Academy of Management Review, 19: 728-755.
3. Abrahamson, Eric, and Choelsoon Park 1994 "Concealment of negative organizational outcomes: An agency theory perspective." Academy of Management Journal, 37: 1302-1334.
4. Alford, Andrew W. 1992 "The effect of the set of comparable firms on the accuracy of the price-earnings valuation method." Journal of Accounting Research, 30: 94-108.
5. Antle, Rick, and Abbie Smith 1986 "An empirical investigation of the relative performance evaluation of corporate executives." Journal of Accounting Research, 24: 1-39.
6. Barsalou, Lawrence 1987 "The instability of graded structure in concepts." In Ulric Neisser (ed.), Concepts and Conceptual Development: Ecological and Intellectual Factors in Categorization: 101-140. New York: Cambridge University Press.
7. Belliveau, Maura A., Charles A. O'Reilly III, and James B. Wade 1996 "Social capital at the top: Effects of social similarity and status on CEO compensation." Academy of Management Journal, 39: 1568-1593.
8. Bettman, James R., and Barton A. Weitz 1983 "Attributions in the board room: Causal reasoning in corporate annual reports." Administrative Science Quarterly, 28: 165-183.
9. Bok, Derek 1993 The Cost of Talent: How Executives and Professionals Are Paid and How It Affects America. New York: Free Press.
10. Brealey, Richard A., and Stewart C. Meyers 1988 Principles of Corporate Finance, 3rd ed. New York: McGraw-Hill.
11. Clarke, Richard N. 1989 "SICs as delineators of economic markets." Journal of Business, 62: 17-31.
12. Coughlin, A. T., and R. M. Schmidt 1985 "Executive compensation, management turnover, and firm performance: An empirical investigation." Journal of Accounting and Economics, 7: 43-66.
13. Crystal, Graef S. 1991 In Search of Excess. New York: W. W. Norton.
14. DiMaggio, Paul J. 1988 "Interest and agency in institutional theory." In Lynne Zucker (ed.), Institutional Patterns and Organizations: Culture and Environment: 3-21. Cambridge, MA: Ballinger.
15. DiMaggio, Paul J., and Walter W. Powell 1991 "The iron cage revisited: Institutional isomorphism and collective rationality." In Walter W. Powell and Paul J. DiMaggio (eds.), The New Institutionalism in Organizational Analysis: 63-82. Chicago: University of Chicago Press.
16. Dyer, S. C. 1994 "Using newsflow analysis to evaluate media coverage." Public Relations Quarterly, 38: 35-39.
17. Eisenhardt, Kathleen M. 1989 "Agency theory: An assessment and review." Academy of Management Review, 14: 57-74.
18. Elsbach, Kimberly D. 1994 "Managing organizational legitimacy in the California cattle industry: The construction and effectiveness of verbal accounts." Administrative Science Quarterly, 39: 57-88.
19. Elsbach, Kimberly D., and Roderick M. Kramer 1996 "Members' responses to organizational identity threats: Encountering and countering the Business Week rankings." Administrative Science Quarterly, 41: 442-476.
20. Fama, Eugene F. 1980 "Agency problems and the theory of the firm." Journal of Political Economy, 88: 288-307.
21. Fan, David 1988 Predictions of Public Opinion from the Mass Media : Computer Content Analysis and Mathematical Modeling. New York: Greenwood Press.
22. Finkelstein, Sydney, and Donald C. Hambrick 1989 "Chief executive compensation: A study of the intersection of markets and political processes." Strategic Management Journal, 10: 121-134. 1996 Strategic Leadership: Top Executives and Their Effects on Organizations. Minneapolis/ St.Paul: West Publishing.
23. Finkelstein, Sydney, and Donald C. Hambrick 1989 "Chief executive compensation: A study of the intersection of markets and political processes." Strategic Management Journal, 10: 121-134. 1996 Strategic Leadership: Top Executives and Their Effects on Organizations. Minneapolis/ St.Paul: West Publishing.
24. Gibbons, Robert, and Kevin J. Murphy 1990 "Relative performance evaluation for chief executive officers." Industrial and Labor Relations Review, 43: 30s-51s.
25. Ginzel, Linda E., Roderick M. Kramer, and Robert I. Sutton 1992 "Organizational impression management as a reciprocal influence process: The neglected role of the organizational audience." In L. L. Cummings and B. M. Staw (eds.), Research in Organizational Behavior, 15: 227-266. Greenwich, CT: JAI Press.
26. Gioia, Dennis A., and James B. Thomas 1996 "Institutional identity, image, and issue interpretation: Sensemaking during strategic change in academia." Administrative Science Quarterly, 41 : 370-403.
27. Greene, William H. 1993 Econometric Analysis, 2d ed. New York: Macmillan.
28. Hirsch, Paul M. 1997 "Sociology without social structure: Neoinstitutional theory meets brave new world." American Journal of Sociology, 102: 1702-1723.
29. Hirsch, Paul M., and Michael Lounsbury 1997 "Ending the family quarrel: Toward a reconciliation of 'old' and 'new' institutionalisms." American Behavioral Scientist, 40: 406-418.
30. Holmstrom, Bengt 1982 "Moral hazard in teams." Ben Journal of Economics, 13: 324-340.
31. Jensen, Michael C., and William H. Meckling 1976 "Theory of the firm: Managerial behavior, agency costs, and ownership structure." Journal of Financial Economics, 3: 305-360.
32. Jensen, Michael C., and Kevin J. Murphy 1990 "CEO incentives - It's not how much you pay, but how." Harvard Business Review, May-June: 138-153.
33. Kerr, Jeffrey L., and Richard A. Bettis 1987 "Boards of directors, top management compensation, and shareholder returns." Academy of Management Journal, 30: 645-664.
34. Kerr, Jeffrey L., and Leslie Kren 1992 "Effect of relative decision monitoring on chief executive compensation." Academy of Management Journal, 35: 370-397.
35. Lant, Theresa, and Joel A. C. Baum 1995 "Cognitive sources of socially constructed competitive groups: Examples from the Manhattan hotel industry." In W. Richard Scott and Soren Christensen (eds.), The Institutional Construction of Organizations: 15-38. Thousand Oaks, CA: Sage.
36. Lehnen, Wendy G., and B. Sundheim 1991 "A performance evaluation of text-analysis technologies." Al Magazine: 81-94.
37. Lorsch, Jay W. 1989 Pawns and Potentates: The Reality of America's Corporate Boards. Boston: Harvard Business School Press.
38. Lowengaard, Mary 1993 "Companies won't say more than they have to say." HR Focus, 70: 8.
39. Lublin, J. S. 1996 "America's new continental divide: The executives vs. the rest." Wall Street Journal, April 11: 1.
40. Main, Brian G., Charles A. O'Reilly, and James B. Wade 1995 "The CEO, the board of directors and executive compensation: Economic and psychological perspectives." Industrial and Corporate Change, 4: 293-332.
41. McGuire, Jean 1995 "Legitimacy through obfuscation: The presentation of executive compensation." Paper presented at the Academy of Management Meeting, Vancouver, B.C.
42. Miller, Daniel 1995 "CEO salary increases may be rational after all: Referents and contracts in CEO pay." Academy of Management Journal, 38: 1361-1385.
43. Miller, M. Mark 1990 "VBPro: A program for quantitative and qualitative analysis of verbatim text." Department of Journalism, University of Tennessee at Knoxville.
44. Milkovich, George T., and Jerry M. Newman 1993 Compensation, 4th ed. Homewood, IL: Irwin.
45. Murphy, Kevin J. 1985 "Corporate performance and managerial remuneration: An empirical analysis." Journal of Accounting and Economics, 7: 11-42. 1996 "Reporting choice and the 1992 proxy disclosure rules." Journal of Accounting, Auditing and Finance, 11: 497-517.
46. Murphy, Kevin J. 1985 "Corporate performance and managerial remuneration: An empirical analysis." Journal of Accounting and Economics, 7: 11-42. 1996 "Reporting choice and the 1992 proxy disclosure rules." Journal of Accounting, Auditing and Finance, 11: 497-517.
47. Oliver, Christine 1991 "Strategic responses to institutional processes." Academy of Management Review, 16: 145-179.
48. Pearce, John A., and Shaker A. Zahra 1992 "Board composition from a strategic contingency perspective." Journal of Management Studies, 29: 411-438.
49. Porac, Joseph F., and José Antonio Rosa 1996 "Rivalry, industry models, and the cognitive embeddedness of the comparable firm." In Joel A. C. Baum and Jane E. Dutton (eds.), Advances in Strategic Management, 13: 363-388. Greenwich, CT: JAI Press.
50. Porac, Joseph F., and Howard Thomas 1990 "Taxonomic mental models in competitor definition." Academy of Management Review, 15: 224-240. 1994 "Cognitive categorization and subjective rivalry among retailers in a small city." Journal of Applied Psychology, 79: 54-66.
51. Porac, Joseph F., and Howard Thomas 1990 "Taxonomic mental models in competitor definition." Academy of Management Review, 15: 224-240. 1994 "Cognitive categorization and subjective rivalry among retailers in a small city." Journal of Applied Psychology, 79: 54-66.
52. Porac, Joseph F., Howard Thomas, Fiona Wilson, Douglas Paton, and Alaina Kanfer 1995 "Rivalry and the industry model of Scottish knitwear producers." Administrative Science Quarterly, 40: 203-227.
53. Reger, Rhonda K., and Anne Sigismund Huff 1993 "Strategic groups: A cognitive perspective." Strategic Management Journal, 14: 103-124.
54. Sager, Ira 1996 "How IBM became a growth company again." Business Week, December 9: 154-162.
55. Salancik, Gerald R., and James R. Meindl 1984 "Corporate attributions as strategic illusions of management control." Administrative Science Quarterly, 29: 238-254.
56. Scott, W. Richard 1995 Institutions and Organizations. Thousand Oaks, CA: Sage.
57. Senate Subcommittee 1991 Shareholder Rights: Hearing Before the Subcommittee on Securities of the Committee on Banking, Housing, and Urban Affairs, United States Senate: 102-461. Washington, DC: U.S. Government Printing Office.
58. Suls, J. M., and R. M. Miller 1977 Social Comparison Processes: Theoretical and Empirical Perspectives. Washington, DC: Hemisphere.
59. Useem, Michael 1993 Executive Defense. Cambridge, MA: Harvard University Press.
60. Wade, James B., Charles A. O'Reilly III, and Ike Chandratat 1990 "Golden parachutes: CEOs and the exercise of social influence." Administrative Science Quarterly, 35: 587-603.
61. Wade, James B., Joseph F. Porac, and Timothy G. Pollock 1997 "Worth, words and the justification of executive pay." Journal of Organizational Behavior, 18: 641-664.
62. Westphal, James D., and Edward J. Zajac 1994 "Substance and symbolism in CEOs' long-term incentive plans." Administrative Science Quarterly, 39: 367-390. 1998 "The symbolic management of stockholders: Corporate governance reforms and shareholder reactions." Administrative Science Quarterly, 43: 127-153.
63. Westphal, James D., and Edward J. Zajac 1994 "Substance and symbolism in CEOs' long-term incentive plans." Administrative Science Quarterly, 39: 367-390. 1998 "The symbolic management of stockholders: Corporate governance reforms and shareholder reactions." Administrative Science Quarterly, 43: 127-153.
64. Wills, Thomas A. 1981 "Downward comparison principles in social psychology." Psychological Bulletin, 90: 245-271.
65. Wood, Joanne V., and Kathryn L. Taylor 1991 "Serving self-relevant goals through social comparison." In J Suls and T. Wills (eds.). Social Comparison: Contemporary Theory and Research: 23-49. Hillsdale, NJ: Erlbaum.
66. Zajac, Edward J., and James D. Westphal 1995 "Accounting for the explanations of CEO compensation: Substance and symbolism." Administrative Science Quarterly, 40: 283-308.