메뉴 건너뛰기




Volumn 17, Issue 1, 2002, Pages 1-24

Geographic and Industrial Corporate Diversification: The Level and Structure of Executive Compensation

Author keywords

[No Author keywords available]

Indexed keywords


EID: 1642567809     PISSN: 0148558X     EISSN: None     Source Type: Journal    
DOI: 10.1177/0148558X0201700101     Document Type: Article
Times cited : (31)

References (43)
  • 1
    • 84986834317 scopus 로고
    • Determinants of Executive Compensation.
    • Agarwal N. C. 1981. “Determinants of Executive Compensation.” Industrial Relations 20 (Winter): 36–46.
    • (1981) Industrial Relations , vol.20 , Issue.Winter , pp. 36-46
    • Agarwal, N.C.1
  • 2
    • 0019610159 scopus 로고
    • Risk Reduction as a Motive for Conglomerate Mergers.
    • Amihud Y. Lev B. 1981. “Risk Reduction as a Motive for Conglomerate Mergers.” Bell Journal of Economics 12 (Autumn): 605–617.
    • (1981) Bell Journal of Economics , vol.12 , Issue.Autumn , pp. 605-617
    • Amihud, Y.1    Lev, B.2
  • 3
    • 0000956580 scopus 로고    scopus 로고
    • Does the Corporate Ownership Structure Affect Its Strategy Towards Diversification?
    • Amihud Y. Lev B. 1999. “Does the Corporate Ownership Structure Affect Its Strategy Towards Diversification?” Strategic Management Journal 20 (November): 1063–1069.
    • (1999) Strategic Management Journal , vol.20 , Issue.November , pp. 1063-1069
    • Amihud, Y.1    Lev, B.2
  • 4
    • 0030167039 scopus 로고    scopus 로고
    • Investment Opportunities and the Structure of Executive Compensation.
    • Baber W. R. Janakiraman S. N. Kang S. 1996. “Investment Opportunities and the Structure of Executive Compensation.” Journal of Accounting and Economics 21 (June): 297–318.
    • (1996) Journal of Accounting and Economics , vol.21 , Issue.June , pp. 297-318
    • Baber, W.R.1    Janakiraman, S.N.2    Kang, S.3
  • 5
    • 0032571947 scopus 로고    scopus 로고
    • Accounting Earnings and Executive Compensation: The Role of Earnings Persistence.
    • Baber W. R. Kang S. Kumar K. 1998. “Accounting Earnings and Executive Compensation: The Role of Earnings Persistence.” Journal of Accounting and Economics 25 (May): 169–193.
    • (1998) Journal of Accounting and Economics , vol.25 , Issue.May , pp. 169-193
    • Baber, W.R.1    Kang, S.2    Kumar, K.3
  • 6
    • 0033236336 scopus 로고    scopus 로고
    • The Explanatory Power of Earnings Levels vs. Earnings Changes in the Context of Esecutive Compensation.
    • Baber W. R. Kang S. Kumar K. 1999. “The Explanatory Power of Earnings Levels vs. Earnings Changes in the Context of Esecutive Compensation.” Accounting Review 74 (October): 459–472.
    • (1999) Accounting Review , vol.74 , Issue.October , pp. 459-472
    • Baber, W.R.1    Kang, S.2    Kumar, K.3
  • 7
    • 0002241294 scopus 로고
    • Sensitivity, Precision, and Linear Aggregation of Signals for Performance Evaluation.
    • Banker R. Datar S. M. 1989. “Sensitivity, Precision, and Linear Aggregation of Signals for Performance Evaluation.” Journal of Accounting Research 27 (Spring): 21–39.
    • (1989) Journal of Accounting Research , vol.27 , Issue.Spring , pp. 21-39
    • Banker, R.1    Datar, S.M.2
  • 9
    • 0030242134 scopus 로고    scopus 로고
    • Exchange Rate Variability and the Riskiness of US Multinational Firms: Evidence from the Breakdown of Bretton Woods.
    • Bartov E. Bodnar G. Kaul A. 1996. “Exchange Rate Variability and the Riskiness of US Multinational Firms: Evidence from the Breakdown of Bretton Woods.” Journal of Financial Economics 42 (September): 105–132.
    • (1996) Journal of Financial Economics , vol.42 , Issue.September , pp. 105-132
    • Bartov, E.1    Bodnar, G.2    Kaul, A.3
  • 10
    • 0001852811 scopus 로고
    • Diversification's Effect on Firm Value.
    • Borger P. Ofek E. 1995. “Diversification's Effect on Firm Value.” Journal of Financial Economics 37 (January): 39–65.
    • (1995) Journal of Financial Economics , vol.37 , Issue.January , pp. 39-65
    • Borger, P.1    Ofek, E.2
  • 11
    • 0001203520 scopus 로고
    • Stock-based Incentive Compensation and Investment Behavior.
    • Bizjak J. Brickly J. Coles J. 1993. “Stock-based Incentive Compensation and Investment Behavior.” Journal of Accounting and Economics 16 (January-April-July): 349–372.
    • (1993) Journal of Accounting and Economics , vol.16 , Issue.January-April-July , pp. 349-372
    • Bizjak, J.1    Brickly, J.2    Coles, J.3
  • 13
    • 21844520374 scopus 로고
    • You Can Pay Me Now and You Can Pay Me Later: The Dynamic Response of Executive Compensation to Firm Performance.
    • Boschen J. F. Smith K. J. 1995. “You Can Pay Me Now and You Can Pay Me Later: The Dynamic Response of Executive Compensation to Firm Performance.” Journal of Business 68 (October): 577–608.
    • (1995) Journal of Business , vol.68 , Issue.October , pp. 577-608
    • Boschen, J.F.1    Smith, K.J.2
  • 14
    • 0040212860 scopus 로고    scopus 로고
    • CEO Stock-based Compensation: An Empirical Analysis of Incentive-intensity, Relative Mix and Economic Determinants.
    • Bryan S. Hwang L. Lilien S. 2000. “CEO Stock-based Compensation: An Empirical Analysis of Incentive-intensity, Relative Mix and Economic Determinants.” Journal of Business 73 (October): 661–693.
    • (2000) Journal of Business , vol.73 , Issue.October , pp. 661-693
    • Bryan, S.1    Hwang, L.2    Lilien, S.3
  • 15
    • 0030521706 scopus 로고    scopus 로고
    • An Empirical Examination of Multinational Capital Structure.
    • Burgman T. 1996. “An Empirical Examination of Multinational Capital Structure.” Journal of International Business Studies 27 (Third Quarter): 553–570.
    • (1996) Journal of International Business Studies , vol.27 , Issue.Third Quarter , pp. 553-570
    • Burgman, T.1
  • 16
    • 0001911942 scopus 로고
    • Accounting Income, Stock Price, and Managerial Compensation.
    • Bushman R. Indjejkian R. 1993. “Accounting Income, Stock Price, and Managerial Compensation.” Journal of Accounting and Economics 16 (January-April-July): 1–23.
    • (1993) Journal of Accounting and Economics , vol.16 , Issue.January-April-July , pp. 1-23
    • Bushman, R.1    Indjejkian, R.2
  • 17
    • 0032040079 scopus 로고    scopus 로고
    • Internationalization and Firm Governance: The Roles of CEO Compensation, Top Team Composition, and Board Structure.
    • Carpenter M. Sanders G. 1998. “Internationalization and Firm Governance: The Roles of CEO Compensation, Top Team Composition, and Board Structure.” Academy of Management Journal 41 (April): 158–178.
    • (1998) Academy of Management Journal , vol.41 , Issue.April , pp. 158-178
    • Carpenter, M.1    Sanders, G.2
  • 18
    • 0001650996 scopus 로고    scopus 로고
    • Corporate Governance, Chief Executive Officer Compensation, and Firm Performance.
    • Core J. E. Holthausen R. W. Larcker D. F. 1999. “Corporate Governance, Chief Executive Officer Compensation, and Firm Performance.” Journal of Financial Economics 51 (March): 371–406.
    • (1999) Journal of Financial Economics , vol.51 , Issue.March , pp. 371-406
    • Core, J.E.1    Holthausen, R.W.2    Larcker, D.F.3
  • 19
    • 0039646787 scopus 로고    scopus 로고
    • Agency Problems, Equity Ownership, and Corporate Diversification.
    • Denis D. J. Denis D. K. Sarin A. 1997. “Agency Problems, Equity Ownership, and Corporate Diversification.” Journal of Finance 52 (March): 135–160.
    • (1997) Journal of Finance , vol.52 , Issue.March , pp. 135-160
    • Denis, D.J.1    Denis, D.K.2    Sarin, A.3
  • 21
    • 34250334647 scopus 로고
    • International Corporate Diversification, Market Valuation and Size Adjusted Evidence.
    • Erranza V. Senbet L. 1984. “International Corporate Diversification, Market Valuation and Size Adjusted Evidence.” Journal of Finance 34 (July): 727–745.
    • (1984) Journal of Finance , vol.34 , Issue.July , pp. 727-745
    • Erranza, V.1    Senbet, L.2
  • 22
    • 84990355380 scopus 로고
    • Financial Reporting for Segments of a Business Enterprise.
    • Stamford, CT: FASB.
    • Financial Accounting Standards Board (FASB). 1976. “Financial Reporting for Segments of a Business Enterprise.” Statement of Financial Accounting Standards No. 14. Stamford, CT: FASB.
    • (1976) Statement of Financial Accounting Standards No. 14.
  • 23
    • 84989085735 scopus 로고
    • Chief Executive Compensation: A Study of the Intersection of Markets and Political Processes.
    • Finkelstein S. Hambrick D. 1989. “Chief Executive Compensation: A Study of the Intersection of Markets and Political Processes.” Strategic Management Journal 10 (March-April): 121–134.
    • (1989) Strategic Management Journal , vol.10 , Issue.March-April , pp. 121-134
    • Finkelstein, S.1    Hambrick, D.2
  • 24
    • 43949176471 scopus 로고
    • Additional Evidence on the Association between the Investment Opportunity Set and Corporate Financing, Dividend, and Compensation Policies.
    • Gaver J. Gaver K. 1993. “Additional Evidence on the Association between the Investment Opportunity Set and Corporate Financing, Dividend, and Compensation Policies.” Journal of Accounting and Economics 16 (January-April-July): 125–160.
    • (1993) Journal of Accounting and Economics , vol.16 , Issue.January-April-July , pp. 125-160
    • Gaver, J.1    Gaver, K.2
  • 25
    • 21844503086 scopus 로고
    • Compensation Policy and the Investment Opportunity Set.
    • Gaver J. Gaver K. 1995. “Compensation Policy and the Investment Opportunity Set.” Financial Management 24 (Spring): 19–32.
    • (1995) Financial Management , vol.24 , Issue.Spring , pp. 19-32
    • Gaver, J.1    Gaver, K.2
  • 26
    • 84897711429 scopus 로고
    • Optimal Incentive Contracts in the Presence of Career Concerns: Theory and Evidence.
    • Gibbons R. Murphy K. J. 1992. “Optimal Incentive Contracts in the Presence of Career Concerns: Theory and Evidence.” Journal of Political Economy 100 (June): 468–505.
    • (1992) Journal of Political Economy , vol.100 , Issue.June , pp. 468-505
    • Gibbons, R.1    Murphy, K.J.2
  • 27
    • 0039176402 scopus 로고    scopus 로고
    • Cultural Diversity and the Performance of Multinational Firms.
    • Gomez-Mejia L. Palich L. 1997. “Cultural Diversity and the Performance of Multinational Firms.” Journal of International Business Studies 28 (Second Quarter): 309–334.
    • (1997) Journal of International Business Studies , vol.28 , Issue.Second Quarter , pp. 309-334
    • Gomez-Mejia, L.1    Palich, L.2
  • 28
    • 0039758370 scopus 로고    scopus 로고
    • The Foreign Exchange Exposure of Japanese Multinational Corporations.
    • (April).
    • He J. Ng L. 1998. “The Foreign Exchange Exposure of Japanese Multinational Corporations.” Journal of Finance 53(2) (April): 733–753.
    • (1998) Journal of Finance , vol.53 , Issue.2 , pp. 733-753
    • He, J.1    Ng, L.2
  • 29
    • 0000139691 scopus 로고
    • Moral Hazard and Observability.
    • Holmstrom B. 1979. “Moral Hazard and Observability.” Bell Journal of Economics 10 (Spring): 74–91.
    • (1979) Bell Journal of Economics , vol.10 , Issue.Spring , pp. 74-91
    • Holmstrom, B.1
  • 30
    • 78649415236 scopus 로고
    • Entropy Measure of Diversification and Corporate Growth.
    • Jacquemin A. Berry C. 1979. “Entropy Measure of Diversification and Corporate Growth.” Journal of Industrial Economics 27 (June): 359–369.
    • (1979) Journal of Industrial Economics , vol.27 , Issue.June , pp. 359-369
    • Jacquemin, A.1    Berry, C.2
  • 31
    • 84936016411 scopus 로고
    • Performance Pay and Top-management Incentives.
    • Jensen M. Murphy K. J. 1990. “Performance Pay and Top-management Incentives.” Journal of Political Economy 98 (April): 225–264.
    • (1990) Journal of Political Economy , vol.98 , Issue.April , pp. 225-264
    • Jensen, M.1    Murphy, K.J.2
  • 32
    • 0001849066 scopus 로고
    • Analysis of the Use of Accounting and Market Measures in Executive Compensation Contracts.
    • Lambert R. A. Larcker D. F. 1987. “Analysis of the Use of Accounting and Market Measures in Executive Compensation Contracts.” Journal of Accounting Research 25 (Supplement): 85–129.
    • (1987) Journal of Accounting Research , vol.25 , Issue.Supplement , pp. 85-129
    • Lambert, R.A.1    Larcker, D.F.2
  • 33
    • 84993882034 scopus 로고
    • Do Managerial Motives Influence Firm Risk Reduction Strategies?
    • May D. 1995. “Do Managerial Motives Influence Firm Risk Reduction Strategies?” Journal of Finance 50 (September): 1291–1308.
    • (1995) Journal of Finance , vol.50 , Issue.September , pp. 1291-1308
    • May, D.1
  • 34
    • 0000699742 scopus 로고
    • Why Investors Value Multinationality.
    • Morck R. Yeung B. 1991. “Why Investors Value Multinationality.” Journal of Business 64 (April): 165–187.
    • (1991) Journal of Business , vol.64 , Issue.April , pp. 165-187
    • Morck, R.1    Yeung, B.2
  • 35
    • 38249006235 scopus 로고
    • Financial Performance Surrounding CEO Turnover.
    • Murphy K. J. Zimmerman J. L. 1993. “Financial Performance Surrounding CEO Turnover.” Journal of Accounting and Economics 16 (January-April-July): 273–315.
    • (1993) Journal of Accounting and Economics , vol.16 , Issue.January-April-July , pp. 273-315
    • Murphy, K.J.1    Zimmerman, J.L.2
  • 36
    • 0040587115 scopus 로고    scopus 로고
    • Systematic Risk of the Multinational Corporation.
    • Reeb D. Kwok C. Y. Baek Y. 1998. “Systematic Risk of the Multinational Corporation.” Journal of International Business Studies 29 (Second Quarter): 263–279.
    • (1998) Journal of International Business Studies , vol.29 , Issue.Second Quarter , pp. 263-279
    • Reeb, D.1    Kwok, C.Y.2    Baek, Y.3
  • 37
    • 0031513224 scopus 로고    scopus 로고
    • Firm Diversification and CEO Compensation: Managerial Ability and Executive Entrenchment.
    • Rose N. Shepard A. 1997. “Firm Diversification and CEO Compensation: Managerial Ability and Executive Entrenchment.” Rand Journal of Economics 28 (Autumn): 489–514.
    • (1997) Rand Journal of Economics , vol.28 , Issue.Autumn , pp. 489-514
    • Rose, N.1    Shepard, A.2
  • 38
    • 0000045786 scopus 로고
    • Authority, Control, and the Distribution of Earnings.
    • Rosen S. 1982. “Authority, Control, and the Distribution of Earnings.” Bell Journal of Economics 13 (Autumn): 311–323.
    • (1982) Bell Journal of Economics , vol.13 , Issue.Autumn , pp. 311-323
    • Rosen, S.1
  • 39
    • 0347946549 scopus 로고
    • Firms’ Responses to Anticipated Reductions in Tax Rates: The Tax Reform Act of 1986.
    • Scholes M. S. Wilson G. P. Wolfson M. A. 1992. “Firms’ Responses to Anticipated Reductions in Tax Rates: The Tax Reform Act of 1986.” Journal of Accounting Research 30 (Supplement): 161–185.
    • (1992) Journal of Accounting Research , vol.30 , Issue.Supplement , pp. 161-185
    • Scholes, M.S.1    Wilson, G.P.2    Wolfson, M.A.3
  • 40
    • 2342505938 scopus 로고
    • The Investment Opportunity Set and Corporate Financing, Dividend, and Compensation Policies.
    • Smith C. Watts R. 1992. “The Investment Opportunity Set and Corporate Financing, Dividend, and Compensation Policies.” Journal of Financial Economics 32 (December): 263–292.
    • (1992) Journal of Financial Economics , vol.32 , Issue.December , pp. 263-292
    • Smith, C.1    Watts, R.2
  • 41
    • 85071092308 scopus 로고
    • Measuring the Degree of Internationalization of a Firm.
    • Sullivan D. 1994. “Measuring the Degree of Internationalization of a Firm.” Journal of International Business Studies 25 (Second Quarter): 325–343.
    • (1994) Journal of International Business Studies , vol.25 , Issue.Second Quarter , pp. 325-343
    • Sullivan, D.1
  • 42
    • 2542456977 scopus 로고
    • Managerial Ownership, Accounting Choices, and Informativeness of Earnings.
    • Warfield T. D. Wild J. J. Wild K. L. 1995. “Managerial Ownership, Accounting Choices, and Informativeness of Earnings.” Journal of Accounting and Economics 20 (July): 61–91.
    • (1995) Journal of Accounting and Economics , vol.20 , Issue.July , pp. 61-91
    • Warfield, T.D.1    Wild, J.J.2    Wild, K.L.3
  • 43
    • 0030078208 scopus 로고    scopus 로고
    • Higher Market Valuation of Companies with a Small Board of Directors.
    • Yermack D. 1996. “Higher Market Valuation of Companies with a Small Board of Directors.” Journal of Financial Economics 40 (February): 185–211.
    • (1996) Journal of Financial Economics , vol.40 , Issue.February , pp. 185-211
    • Yermack, D.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.