메뉴 건너뛰기




Volumn 32, Issue 2, 2006, Pages 257-278

The impact of strategic persistence on executive compensation

Author keywords

Corporate governance; Executive compensation; Strategic persistence

Indexed keywords


EID: 33644799550     PISSN: 01492063     EISSN: 15571211     Source Type: Journal    
DOI: 10.1177/0149206305280105     Document Type: Article
Times cited : (25)

References (68)
  • 1
    • 0001696034 scopus 로고
    • Managerial fads and fashions: The diffusion and rejection of innovations
    • Abrahamson E. 1991. Managerial fads and fashions: The diffusion and rejection of innovations. Academy of Management Review, 16 (3): 586-612.
    • (1991) Academy of Management Review , vol.6 , Issue.3 , pp. 586-612
    • Abrahamson, E.1
  • 3
    • 84989029823 scopus 로고
    • Top management and innovations in banking: Does the composition of the top team make a difference
    • Bantel K.A. & Jackson S.E. 1989. Top management and innovations in banking: Does the composition of the top team make a difference? Strategic Management Journal, 10: 107-124.
    • (1989) Strategic Management Journal , vol.10 , pp. 107-124
    • Bantel, K.A.1    Jackson, S.E.2
  • 4
    • 33644789646 scopus 로고    scopus 로고
    • How to put Proctoron the road again after a pileup
    • June
    • Berry K. & Almer, E. 2000. How to put Proctoron the road again, after a pileup. The New York Times, June 18: 1.
    • (2000) The New York Times , vol.18 , pp. 1
    • Berry, K.1    Almer, E.2
  • 5
    • 0031286318 scopus 로고    scopus 로고
    • Strategic change: The influence of managerial characteristics and organizational growth
    • Boeker W. 1997. Strategic change: The influence of managerial characteristics and organizational growth. Academy of Management Journal, 40 (1): 152-170.
    • (1997) Academy of Management Journal , vol.40 , Issue.1 , pp. 152-170
    • Boeker, W.1
  • 6
    • 0001909803 scopus 로고
    • The escalation of commitment to a failing course of action: Toward theoretical progress
    • Brockner J. 1992. The escalation of commitment to a failing course of action: Toward theoretical progress. Academy of Management Review, 17: 39-61.
    • (1992) Academy of Management Review , vol.17 , pp. 39-61
    • Brockner, J.1
  • 7
    • 0001925832 scopus 로고
    • Testing a causal model of corporate risk taking and performance
    • Bromiley P. 1991. Testing a causal model of corporate risk taking and performance. Academy of Management Journal, 34: 37-54.
    • (1991) Academy of Management Journal , vol.34 , pp. 37-54
    • Bromiley, P.1
  • 8
    • 0011305857 scopus 로고    scopus 로고
    • How to fix corporate governance
    • May
    • Byrne J.A. 2002. How to fix corporate governance. Business Week. May 6: 69.
    • (2002) Business Week , vol.6 , pp. 69
    • Byrne, J.A.1
  • 9
    • 0002763926 scopus 로고
    • Motivation theory in industrial and organizational psychology
    • M. D. Dunette (Ed.) Chicago: Rand McNally
    • Campbell J.P., & Pritchard, R. D. 1976. Motivation theory in industrial and organizational psychology. In M. D. Dunette (Ed.), Handbook of industrial and organizational psychology: 63-130. Chicago: Rand McNally.
    • (1976) Handbook of Industrial and Organizational Psychology , pp. 63-130
    • Campbell, J.P.1    Pritchard, R.D.2
  • 10
    • 84977350937 scopus 로고
    • Managers and shareholders: A shift in the relationship
    • Cannella A. A., Jr. 1995. Managers and shareholders: A shift in the relationship. Human Resource Management Journal, 34: 165-184.
    • (1995) Human Resource Management Journal , vol.34 , pp. 165-184
    • Cannella Jr., A.A.1
  • 11
    • 0002664626 scopus 로고
    • Shareholders versus managers: Strain in the corporate web
    • J. C. Coffee Jr., L. Lowenstein, & S. Rose-Ackerman (Eds.) New York: Oxford University Press
    • Coffee J.C. Jr. 1988. Shareholders versus managers: Strain in the corporate web. In J. C. Coffee Jr., L. Lowenstein, & S. Rose-Ackerman (Eds.), Knights, raiders and targets: The impact of the hostile takeover: 77-134. New York: Oxford University Press.
    • (1988) Knights, Raiders and Targets: The Impact of the Hostile Takeover , pp. 77-134
    • Coffee Jr., J.C.1
  • 14
    • 0037669739 scopus 로고    scopus 로고
    • New CEO openness to change and strategic persistence: The moderating role of industry characteristics
    • Datta, D. K., Rajagopalan, N., & Zhang, Y. 2003. New CEO openness to change and strategic persistence: The moderating role of industry characteristics. British Journal of Management, 14: 101 - 114.
    • (2003) British Journal of Management , vol.14 , pp. 101-114
    • Datta, D.K.1    Rajagopalan, N.2    Zhang, Y.3
  • 15
    • 22044444497 scopus 로고    scopus 로고
    • The effect of institutional investors on the level and mix of CEO compensation
    • David, P., Kochhar, R., & Levitas, E. 1998. The effect of institutional investors on the level and mix of CEO compensation. Academy of Management Journal, 41 (2): 200 - 208.
    • (1998) Academy of Management Journal , vol.41 , Issue.2 , pp. 200-208
    • David, P.1    Kochhar, R.2    Levitas, E.3
  • 16
    • 0000806744 scopus 로고
    • Agency problems and the theory of the firm
    • Fama, E. F. 1980. Agency problems and the theory of the firm. Journal of Political Economy, 88: 288 - 307.
    • (1980) Journal of Political Economy , vol.88 , pp. 288-307
    • Fama, E.F.1
  • 19
    • 0026902902 scopus 로고
    • Power in top management teams: Dimensions, measurement, and validation
    • Finkelstein, S. 1992. Power in top management teams: Dimensions, measurement, and validation. Academy of Management Journal, 35: 505 - 538.
    • (1992) Academy of Management Journal , vol.35 , pp. 505-538
    • Finkelstein, S.1
  • 20
    • 84989056636 scopus 로고
    • Chief executive compensation: A synthesis and reconciliation
    • Finkelstein, S., & Hambrick, D. C. 1988. Chief executive compensation: A synthesis and reconciliation. Strategic Management Journal, 9: 543 - 558.
    • (1988) Strategic Management Journal , vol.9 , pp. 543-558
    • Finkelstein, S.1    Hambrick, D.C.2
  • 21
    • 84989085735 scopus 로고
    • Chief executive compensation: A study of the intersection of markets and political processes
    • Finkelstein, S., & Hambrick, D. C. 1989. Chief executive compensation: A study of the intersection of markets and political processes. Strategic Management Journal, 10: 121 - 134.
    • (1989) Strategic Management Journal , vol.10 , pp. 121-134
    • Finkelstein, S.1    Hambrick, D.C.2
  • 22
    • 84935412968 scopus 로고
    • Top management team tenure and organizational outcomes: The moderating role of managerial discretion
    • Finkelstein, S., & Hambrick, D. C. 1990. Top management team tenure and organizational outcomes: The moderating role of managerial discretion. Administrative Science Quarterly, 35: 484 - 503.
    • (1990) Administrative Science Quarterly , vol.35 , pp. 484-503
    • Finkelstein, S.1    Hambrick, D.C.2
  • 24
    • 0000831982 scopus 로고
    • Executive compensation: A reassessment and future research agenda
    • Greenwich, CT: JAI
    • Gomez-Mejia, L. R. 1994. Executive compensation: A reassessment and future research agenda, Research in Personnel and Human Resources Management, Vol. 12: 161 - 222. Greenwich, CT: JAI.
    • (1994) Research in Personnel and Human Resources Management , vol.12 , pp. 161-222
    • Gomez-Mejia, L.R.1
  • 25
    • 21144471508 scopus 로고
    • Determinants of faculty pay: An agency theory perspective
    • Gomez-Mejia, L. R., & Balkin, D. B. 1992. Determinants of faculty pay: An agency theory perspective. Academy of Management Journal, 35 (5): 921 - 955.
    • (1992) Academy of Management Journal , vol.35 , Issue.5 , pp. 921-955
    • Gomez-Mejia, L.R.1    Balkin, D.B.2
  • 27
    • 0031498121 scopus 로고    scopus 로고
    • Reframing executive compensation: An assessment and outlook
    • Gomez-Mejia, L. R., & Wiseman, R. M. 1997. Reframing executive compensation: An assessment and outlook. Journal of Management, 23 (3): 291 - 374.
    • (1997) Journal of Management , vol.23 , Issue.3 , pp. 291-374
    • Gomez-Mejia, L.R.1    Wiseman, R.M.2
  • 28
    • 0026178212 scopus 로고
    • Turbulence at the top: A new perspective on governance structure changes and strategic change
    • Goodstein, J., & Boeker, W. 1991. Turbulence at the top: A new perspective on governance structure changes and strategic change. Academy of Management Journal, 34 (2): 306 - 330.
    • (1991) Academy of Management Journal , vol.34 , Issue.2 , pp. 306-330
    • Goodstein, J.1    Boeker, W.2
  • 29
    • 0004296209 scopus 로고    scopus 로고
    • (4th ed.). Upper Saddle River, NJ: Prentice Hall
    • Greene, W. H. 2000. Econometric analysis (4th ed.). Upper Saddle River, NJ: Prentice Hall.
    • (2000) Econometric Analysis
    • Greene, W.H.1
  • 30
    • 84989113354 scopus 로고
    • Top executive commitment to the status quo: Some tests of its determinants
    • Hambrick, D. C., Geletkanycz, M. A., & Fredrickson, J. W. 1993. Top executive commitment to the status quo: Some tests of its determinants. Strategic Management Journal, 14 (6): 401 - 418.
    • (1993) Strategic Management Journal , vol.14 , Issue.6 , pp. 401-418
    • Hambrick, D.C.1    Geletkanycz, M.A.2    Fredrickson, J.W.3
  • 31
    • 84936628616 scopus 로고
    • Structural inertia and organizational change
    • Hannan, M. T., & Freeman, J. 1984. Structural inertia and organizational change. American Sociological Review, 49: 149 - 164.
    • (1984) American Sociological Review , vol.49 , pp. 149-164
    • Hannan, M.T.1    Freeman, J.2
  • 32
  • 33
    • 84989095308 scopus 로고
    • External control, corporate strategy, and firm performance in research-intensive industries
    • Hill, C. W. L., & Snell, S. A. 1988. External control, corporate strategy, and firm performance in research-intensive industries. Strategic Management Journal, 9: 577 - 590.
    • (1988) Strategic Management Journal , vol.9 , pp. 577-590
    • Hill, C.W.L.1    Snell, S.A.2
  • 34
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behavior, agency costs, and ownership structure
    • Jensen, M. C., & Meckling, W. 1976. Theory of the firm: Managerial behavior, agency costs, and ownership structure. Journal of Financial Economics, 3: 305 - 360.
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-360
    • Jensen, M.C.1    Meckling, W.2
  • 35
    • 84936016411 scopus 로고
    • Performance pay and top-management incentives
    • Jensen, M. C., & Murphy, K. J. 1990. Performance pay and top-management incentives. Journal of Political Economy, 98 (2): 225 - 264.
    • (1990) Journal of Political Economy , vol.98 , Issue.2 , pp. 225-264
    • Jensen, M.C.1    Murphy, K.J.2
  • 36
    • 84989078035 scopus 로고
    • Board of director involvement in restructuring: The effects of board versus managerial controls and characteristics
    • Johnson, R. A., Hoskisson, R. E., & Hitt, M. A. 1993. Board of director involvement in restructuring: The effects of board versus managerial controls and characteristics. Strategic Management Journal, 14 (Special Issue): 33 - 50.
    • (1993) Strategic Management Journal , vol.14 , Issue.SPEC. ISSUE , pp. 33-50
    • Johnson, R.A.1    Hoskisson, R.E.2    Hitt, M.A.3
  • 37
    • 0000125532 scopus 로고
    • Prospect theory: Analysis of decision making under risk
    • Kahneman, D., & Tversky, A. 1979. Prospect theory: Analysis of decision making under risk. Econometrica, 47: 262 - 291.
    • (1979) Econometrica , vol.47 , pp. 262-291
    • Kahneman, D.1    Tversky, A.2
  • 38
    • 84925976036 scopus 로고
    • The effects of group longevity on project communication and performance
    • Katz, R. 1982. The effects of group longevity on project communication and performance. Administrative Science Quarterly, 27: 81 - 104.
    • (1982) Administrative Science Quarterly , vol.27 , pp. 81-104
    • Katz, R.1
  • 39
    • 0001659923 scopus 로고
    • Managerial response to changing environments: Perspectives on problem sensing from social cognition
    • Kiesler, S. B., & Sproull, L. 1982. Managerial response to changing environments: Perspectives on problem sensing from social cognition. Administrative Science Quarterly, 27: 548 - 570.
    • (1982) Administrative Science Quarterly , vol.27 , pp. 548-570
    • Kiesler, S.B.1    Sproull, L.2
  • 40
    • 84989132300 scopus 로고
    • How sensitive is executive compensation to organizational size?
    • Lambert, R. A., Larcker, D. F., & Weigelt, K. 1991. How sensitive is executive compensation to organizational size? Strategic Management Journal, 12: 395 - 402.
    • (1991) Strategic Management Journal , vol.12 , pp. 395-402
    • Lambert, R.A.1    Larcker, D.F.2    Weigelt, K.3
  • 41
    • 84989012142 scopus 로고
    • The role of managerial learning and interpretation in strategic persistence and reorientation: An empirical exploration
    • Lant, T. K., Milliken, F. J., & Batra, B. 1992. The role of managerial learning and interpretation in strategic persistence and reorientation: An empirical exploration. Strategic Management Journal, 13: 585 - 608.
    • (1992) Strategic Management Journal , vol.13 , pp. 585-608
    • Lant, T.K.1    Milliken, F.J.2    Batra, B.3
  • 42
    • 84938687906 scopus 로고
    • Core capabilities and core rigidities: A paradox in managing new product development
    • Leonard-Barton, D. 1992. Core capabilities and core rigidities: A paradox in managing new product development. Strategic Management Journal, 13 (Special Issue): 111 - 125.
    • (1992) Strategic Management Journal , vol.13 , Issue.SPEC. ISSUE , pp. 111-125
    • Leonard-Barton, D.1
  • 43
    • 33644798851 scopus 로고
    • Takeover abuses mortgage the future
    • April
    • Lipton, M. 1985. Takeover abuses mortgage the future. The Wall Street Journal, April 5: 16.
    • (1985) The Wall Street Journal , vol.5 , pp. 16
    • Lipton, M.1
  • 44
    • 3142665619 scopus 로고    scopus 로고
    • What should we do about motivation theory? Six recommendations for the twenty-first century
    • Locke, E. A., & Latham, G. P. 2004. What should we do about motivation theory? Six recommendations for the twenty-first century. Academy of Management Review, 26: 388 - 403.
    • (2004) Academy of Management Review , vol.26 , pp. 388-403
    • Locke, E.A.1    Latham, G.P.2
  • 47
    • 84993708166 scopus 로고    scopus 로고
    • Challenge versus advantage in family business
    • Miller, D., & LeBreton-Miller, I. 2004. Challenge versus advantage in family business. Strategic Organization, 1: 127 - 134.
    • (2004) Strategic Organization , vol.1 , pp. 127-134
    • Miller, D.1    LeBreton-Miller, I.2
  • 48
    • 0000150757 scopus 로고
    • Patterns in strategy formation
    • Mintzberg, H. 1978. Patterns in strategy formation. Management Science, 24: 934 - 948.
    • (1978) Management Science , vol.24 , pp. 934-948
    • Mintzberg, H.1
  • 49
    • 0002322211 scopus 로고
    • Motivation: New directions for theory, research, and practice
    • Mitchell, T. R. 1982. Motivation: New directions for theory, research, and practice. Academy of Management Review, 7: 80 - 88.
    • (1982) Academy of Management Review , vol.7 , pp. 80-88
    • Mitchell, T.R.1
  • 50
    • 0001332475 scopus 로고
    • Intraindustrial structure and the ease of strategic change
    • Oster, S. 1982. Intraindustrial structure and the ease of strategic change. Review of Economics and Statistics, 64: 376 - 383.
    • (1982) Review of Economics and Statistics , vol.64 , pp. 376-383
    • Oster, S.1
  • 51
    • 0036959191 scopus 로고    scopus 로고
    • The role of power and politics in the repricing of executive stock options
    • Pollock, T. G., Fischer, H. M., & Wade, J. B. 2002. The role of power and politics in the repricing of executive stock options. Academy of Management Journal, 45: 1172 - 1182.
    • (2002) Academy of Management Journal , vol.45 , pp. 1172-1182
    • Pollock, T.G.1    Fischer, H.M.2    Wade, J.B.3
  • 52
    • 0001689494 scopus 로고    scopus 로고
    • Strategic orientations, incentive plan adoptions, and firm performance: Evidence from electric utility firms
    • Rajagopalan, N. 1996. Strategic orientations, incentive plan adoptions, and firm performance: Evidence from electric utility firms. Strategic Management Journal, 18: 761 - 785.
    • (1996) Strategic Management Journal , vol.18 , pp. 761-785
    • Rajagopalan, N.1
  • 53
    • 84965565130 scopus 로고
    • Constraints on administrative discretion: The limited influence of mayors on city budgets
    • Salancik, G. R., & Pfeffer, J. 1977. Constraints on administrative discretion: The limited influence of mayors on city budgets. Urban Affairs Quarterly, 12: 475 - 498.
    • (1977) Urban Affairs Quarterly , vol.12 , pp. 475-498
    • Salancik, G.R.1    Pfeffer, J.2
  • 54
    • 0000815341 scopus 로고
    • The escalation of commitmentto a course of action
    • Staw, B. M. 1981. The escalation of commitmentto a course of action. Academy of Management Review, 6: 55 - 100.
    • (1981) Academy of Management Review , vol.6 , pp. 55-100
    • Staw, B.M.1
  • 55
    • 0034337007 scopus 로고    scopus 로고
    • What bandwagons bring: Effects of popular management techniques on corporate performance, reputation, and CEO pay
    • Staw, B. M., & Epstein, L. D. 2000. What bandwagons bring: Effects of popular management techniques on corporate performance, reputation, and CEO pay. Administrative Science Quarterly, 45 (6): 523 - 556.
    • (2000) Administrative Science Quarterly , vol.45 , Issue.6 , pp. 523-556
    • Staw, B.M.1    Epstein, L.D.2
  • 56
    • 0001312143 scopus 로고
    • Threat-rigidity effects in organizational behavior: A multi-level analysis
    • Staw, B. M., Sandelands, L. E., & Dutton, J. E. 1981. Threat-rigidity effects in organizational behavior: A multi-level analysis. Administrative Science Quarterly, 26: 501 - 524.
    • (1981) Administrative Science Quarterly , vol.26 , pp. 501-524
    • Staw, B.M.1    Sandelands, L.E.2    Dutton, J.E.3
  • 59
    • 0001355948 scopus 로고    scopus 로고
    • How much does performance matter? A meta-analysis of CEO pay studies
    • Tosi, H. L., Werner, S., Katz, J. P., & Gomez-Mejia, L. 2000. How much does performance matter? A meta-analysis of CEO pay studies. Journal of Management, 26: 301 - 339.
    • (2000) Journal of Management , vol.26 , pp. 301-339
    • Tosi, H.L.1    Werner, S.2    Katz, J.P.3    Gomez-Mejia, L.4
  • 60
    • 33644815117 scopus 로고
    • The strategic persistence of the Japanese firm
    • (January/February)
    • Turpin, D. V. 1992. The strategic persistence of the Japanese firm. Journal of Business Strategy, 13 (January/February): 49 - 52.
    • (1992) Journal of Business Strategy , vol.13 , pp. 49-52
    • Turpin, D.V.1
  • 62
    • 0003718480 scopus 로고
    • Organizational entry: Recruitment, selection, and socialization of newcomers
    • Reading, MA: Addison-Wesley
    • Wanous, J. P. 1980. Organizational entry: Recruitment, selection, and socialization of newcomers. Reading, MA: Addison-Wesley.
    • (1980)
    • Wanous, J.P.1
  • 63
    • 67349260970 scopus 로고
    • Substance and symbolism in CEO's long-term incentive plans
    • Westphal, J. D., & Zajac, E. J. 1994. Substance and symbolism in CEO's long-term incentive plans. Administrative Science Quarterly, 39 (3): 367 - 390.
    • (1994) Administrative Science Quarterly , vol.39 , Issue.3 , pp. 367-390
    • Westphal, J.D.1    Zajac, E.J.2
  • 64
    • 24944455789 scopus 로고
    • Who shall govern? CEO/board power, demographic similarity, and new director selection
    • Westphal, J. D., & Zajac, E. J. 1995. Who shall govern? CEO/board power, demographic similarity, and new director selection. Administrative Science Quarterly, 40 (1): 60 - 83.
    • (1995) Administrative Science Quarterly , vol.40 , Issue.1 , pp. 60-83
    • Westphal, J.D.1    Zajac, E.J.2
  • 65
    • 0032220361 scopus 로고    scopus 로고
    • The symbolic management of stockholders: Corporate governance reform and shareholder reactions
    • Westphal, J. D., & Zajac, E. J. 1998. The symbolic management of stockholders: Corporate governance reform and shareholder reactions. Administrative Science Quarterly, 43 (1): 127 - 153.
    • (1998) Administrative Science Quarterly , vol.43 , Issue.1 , pp. 127-153
    • Westphal, J.D.1    Zajac, E.J.2
  • 66
    • 0001800097 scopus 로고
    • Top management team demography and corporate strategic change
    • Wiersema, M. F., & Bantel, K. A. 1992. Top management team demography and corporate strategic change. Academy of Management Journal, 35: 91 - 121.
    • (1992) Academy of Management Journal , vol.35 , pp. 91-121
    • Wiersema, M.F.1    Bantel, K.A.2
  • 67
    • 84989052669 scopus 로고
    • CEO selection, succession, compensation and firm performance: A theoretical integration and empirical analysis
    • Zajac, E. J. 1990. CEO selection, succession, compensation and firm performance: A theoretical integration and empirical analysis. Strategic Management Journal, 11: 313 - 330.
    • (1990) Strategic Management Journal , vol.11 , pp. 313-330
    • Zajac, E.J.1
  • 68
    • 1842840775 scopus 로고    scopus 로고
    • Explaining new CEO origin: Firm versus industry antecedents
    • Zhang, Y., & Rajagopalan, N. 2003. Explaining new CEO origin: Firm versus industry antecedents. Academy of Management Journal, 46: 327 - 338.
    • (2003) Academy of Management Journal , vol.46 , pp. 327-338
    • Zhang, Y.1    Rajagopalan, N.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.