Efficient management remuneration plan design: A consideration of specific human capital investments

Accounting and Finance

Volumn 37, Issue 1, 1997, Pages 1-40

  Deegan, Craig ^a  

^a UNIVERSITY OF SOUTHERN QUEENSLAND   (Australia)

Author keywords

Asset specificity; Attract; Management remuneration plan; Motivate; Retain

Indexed keywords

EID: 25144496942     PISSN: 08105391     EISSN: 1467629X     Source Type: Journal    
DOI: 10.1111/j.1467-629X.1997.tb00312.x     Document Type: Article

References (28)

1. Aitken, M. J. and R. E. Wood, 1988, Employee stock ownership plans: Issues and evidence, Journal of Industrial Relations 31, 147-168.
2. Alchian, A. A., 1984, Specificity, specialisation, and coalitions, Journal of Institutional and Theoretical Economics 140, 34-49.
3. Alchian, A. A. and S. Woodward, 1986, An evolving model of firms, Journal of Institutional and Theoretical Economics 142, 6-54.
4. Australian Institute of Management, 1991, National salary survey: Australian salaries, wages and benefits 1991 (Australian Institute of Management NSW Limited, Sydney).
5. Baiman, S., 1990, Agency research in managerial accounting: A second look, Accounting, Organizations and Society 15, 341-372.
6. Business Council of Australia, 1987, Employee share plans, Business Council Bulletin 31, 1-5.
7. Butler, S. A. and M. W. Maher, 1986, Management incentive compensation plans (National Association of Accountants, US).
8. Bynner, J. M. and D. M. Romney, 1985, LISREL for beginners, Canadian Psychology, Dec, 43-49.
9. Carmines, E. and R. Zeller, 1979, Reliability and validity assessment (Sage Publications, Beverly Hills).
10. Clinch, G., 1991, Employee compensation and firm's research and development activity, Journal of Accounting Research 29, 59-78.
11. Conference Board, 1990, Top executive compensation: 1990 edition (The Conference Board, New York).
12. Dechow, P. M. and R. G. Sloan, 1991, Executive incentives and the horizon problem, Journal of Accounting and Economics 14, 51-89.
13. Deegan, C. M., 1994, A review of Australian management remuneration plans: The aims; the components; the potential limitations, Accounting Research Journal 7, 20-36.
14. Gorringe, PA., 1987, Hostages, measurement costs, specific human capital and labour market contractual arrangements, Unpublished manuscript (Monash University).
15. Hay Group, 1991, Survey of short term incentive plan practice (Hay Group, Melbourne).
16. Joreskog, G. and D. G. Sorbom, 1988, LISREL7: A guide to the program and applications (SPSS Inc, Chicago).
17. Kaplan, R. R. and A. A. Atkinson, 1989, Advanced management accounting, 2nd ed. (Prentice Hall).
18. Kerlinger, F. N., 1979, Foundations of behavioral research (Holt Saunders, London).
19. Klein, B., R. C. Crawford, and A. A. Alchian, 1978, Vertical integration, appropriable rents, and the competitive contracting process, The Journal of Law and Economics 21, 297-326.
20. Korn/Ferry International, 1992, Eleventh study of boards of directors in Australia (Korn/Ferry, Sydney).
21. Lambert, R. A., D. F. Larcker, and R. E. Verrecchia, 1991, Portfolio considerations in valuing executive compensation, Journal of Accounting Research 29, 129-149.
22. Lewellen, W., C. Loderer, and K. Martin, 1987, Executive compensation and executive incentive problems, Journal of Accounting and Economics 9, 287-310.
23. Oppenheim, A. N., 1966, Questionnaire design and attitude measurement (Heinemann, London).
24. Remuneration Planning Corporation, 1991, Executive and employee compensation, Paper presented at the University of N. S. W. Faculty of Law Continuing Legal Education Seminar Series, Sydney.
25. Sloan, R. G., 1993, Accounting earnings and top executive compensation, Journal of Accounting and Economics 16, 55-100.
26. Smith, C. W. and R. L. Watts, 1982, Incentive and tax effects of executive compensation plans, Australian Journal of Management 7, 140-156.
27. Tang, R. Y. W., G. Bowser, and R. L. Williams, 1987, Designing an effective executive incentive plan, CMA Magazine, May-June, 32-37.
28. Williamson, O. E., 1985, The economic institutions of capitalism (The Free Press, New York).