메뉴 건너뛰기




Volumn 27, Issue 5-6, 2000, Pages 653-678

The impact of ownership structure on the structure of compensation committees

Author keywords

[No Author keywords available]

Indexed keywords


EID: 4344612495     PISSN: 0306686X     EISSN: 14685957     Source Type: Journal    
DOI: 10.1111/1468-5957.00329     Document Type: Article
Times cited : (14)

References (57)
  • 1
    • 0019610159 scopus 로고
    • Risk reduction as a managerial motive for conglomerate mergers
    • Autumn
    • Ahimud, R. and B. Lev (1981), 'Risk Reduction as a Managerial Motive for Conglomerate Mergers', Bell Journal of Economics (Autumn), pp. 605-17.
    • (1981) Bell Journal of Economics , pp. 605-617
    • Ahimud, R.1    Lev, B.2
  • 2
    • 84925928745 scopus 로고
    • Power and privilege in the large corporation: Corporate control and managerial compensation
    • March
    • Allen, M.P. (1981), 'Power and Privilege in the Large Corporation: Corporate Control and Managerial Compensation', American Journal of Sociology (March), pp. 1112-23.
    • (1981) American Journal of Sociology , pp. 1112-1123
    • Allen, M.P.1
  • 3
    • 0001038937 scopus 로고
    • Agency costs in banking firms: An analysis of expense preference behavior
    • May
    • Arnould, R.J. (1985), 'Agency Costs in Banking Firms: An Analysis of Expense Preference Behavior', Journal of Economics and Business (May), pp. 103-12.
    • (1985) Journal of Economics and Business , pp. 103-112
    • Arnould, R.J.1
  • 4
    • 84977726267 scopus 로고
    • Compensation and incentives: Practice vs. theory
    • July
    • Baker, G.P., M.C. Jensen and K.J. Murphy (1988), 'Compensation and Incentives: Practice vs. Theory', Journal of Finance (July), pp. 593-616.
    • (1988) Journal of Finance , pp. 593-616
    • Baker, G.P.1    Jensen, M.C.2    Murphy, K.J.3
  • 5
    • 77958406983 scopus 로고
    • Corporate governance and the board of directors: Performance effects of changes in board composition
    • Fall
    • Baysinger, B. and H. Butler (1985), 'Corporate Governance and the Board of Directors: Performance Effects of Changes in Board Composition', Journal of Law, Economics, and Organization (Fall), pp. 101-24.
    • (1985) Journal of Law, Economics, and Organization , pp. 101-124
    • Baysinger, B.1    Butler, H.2
  • 6
    • 0000452198 scopus 로고
    • Effects of board and ownership structure on corporate R&D strategy
    • (March)
    • -, R.D. Kosnik and T.A. Turk (1991), 'Effects of Board and Ownership Structure on Corporate R&D Strategy', Academy of Management Journal (March), pp. 205-14.
    • (1991) Academy of Management Journal , pp. 205-214
    • Kosnik, R.D.1    Turk, T.A.2
  • 7
    • 0039005085 scopus 로고
    • The cash flow and informational effects of employee stock ownership plans
    • June
    • Beatty, A. (1995), 'The Cash Flow and Informational Effects of Employee Stock Ownership Plans', Journal of Financial Economics (June), pp. 211-40.
    • (1995) Journal of Financial Economics , pp. 211-240
    • Beatty, A.1
  • 8
    • 79960948624 scopus 로고
    • Managerial incentives, monitoring, and risk bearing: A study of executive compensation, ownership, and board structure in initial public offerings
    • June
    • Beatty R.P. and E.J. Zajac (1994), 'Managerial Incentives, Monitoring, and Risk Bearing: A Study of Executive Compensation, Ownership, and Board Structure in Initial Public Offerings', Administrative Science Quarterly (June), pp. 313-35.
    • (1994) Administrative Science Quarterly , pp. 313-335
    • Beatty, R.P.1    Zajac, E.J.2
  • 9
    • 0030527053 scopus 로고    scopus 로고
    • Social capital at the top: Effects of social similarity and status on CEO compensation
    • December
    • Belliveau, M., C. O'Reilly and J. Wade (1996), 'Social Capital at the Top: Effects of Social Similarity and Status on CEO Compensation', Academy of Management Journal (December), pp. 1568-93.
    • (1996) Academy of Management Journal , pp. 1568-1593
    • Belliveau, M.1    O'Reilly, C.2    Wade, J.3
  • 11
    • 0000106797 scopus 로고
    • Do outside directors monitor managers? Evidence from tender offer bids
    • October
    • Byrd, J.W. and K.A. Hickman (1992), 'Do Outside Directors Monitor Managers? Evidence from Tender Offer Bids' Journal of Financial Economics (October), pp. 195-221.
    • (1992) Journal of Financial Economics , pp. 195-221
    • Byrd, J.W.1    Hickman, K.A.2
  • 12
    • 77951601451 scopus 로고
    • Comp committees, or back-scratchers-in-waiting?
    • (May 4)
    • Byrne, J.A. and W. Konrad (1992), 'Comp Committees, or Back-Scratchers-in-Waiting?' Business Week (May 4), pp. 146-47.
    • (1992) Business Week , pp. 146-147
    • Byrne, J.A.1    Konrad, W.2
  • 13
    • 0002722402 scopus 로고
    • The wacky, wacky world of CEO pay
    • June 6
    • Crystal, G.S. (1988), 'The Wacky, Wacky World of CEO Pay', Fortune (June 6), pp. 68-76.
    • (1988) Fortune , pp. 68-76
    • Crystal, G.S.1
  • 14
    • 84935941592 scopus 로고
    • The structure of corporate ownership: Causes and consequences
    • Demsetz, H. and K. Lehn (1985), 'The Structure of Corporate Ownership: Causes and Consequences', Journal of Public Policy, Vol. 93, pp.1155-77.
    • (1985) Journal of Public Policy , vol.93 , pp. 1155-1177
    • Demsetz, H.1    Lehn, K.2
  • 16
    • 1542576486 scopus 로고
    • The effect of owner versus management control on the choice of accounting methods
    • July
    • Dhaliwal, D.S., G.L Salamon and E.D. Smith (1982), 'The Effect of Owner Versus Management Control on the Choice of Accounting Methods', Journal of Accounting and Economics (July), pp. 41-53.
    • (1982) Journal of Accounting and Economics , pp. 41-53
    • Dhaliwal, D.S.1    Salamon, G.L.2    Smith, E.D.3
  • 17
    • 0040746226 scopus 로고
    • Directors Publication Inc., (Westport: Directors Publications Inc.)
    • Directors Publication Inc. (1992). Fortune 1000 Directors Survey (Westport: Directors Publications Inc.).
    • (1992) Fortune 1000 Directors Survey
  • 18
    • 0002510906 scopus 로고
    • Corporate control and management compensation
    • February
    • Dyl, E.A. (1988), 'Corporate Control and Management Compensation', Managerial and Decision Economics (February), pp. 21-25.
    • (1988) Managerial and Decision Economics , pp. 21-25
    • Dyl, E.A.1
  • 20
    • 0040152053 scopus 로고
    • Board composition and governance: 1983-1992
    • September-October
    • Ferry, R.M. (1993), 'Board Composition and Governance: 1983-1992', The Corporate Board (September-October), pp. 15-20.
    • (1993) The Corporate Board , pp. 15-20
    • Ferry, R.M.1
  • 23
    • 0348194856 scopus 로고    scopus 로고
    • Endogenously chosen boards of directors and their monitoring of the CEO
    • March
    • Hermalin, B.E. and M.S. Weisbach (1998), 'Endogenously Chosen Boards of Directors and Their Monitoring of the CEO', The American Economic Review (March), pp. 96-118.
    • (1998) The American Economic Review , pp. 96-118
    • Hermalin, B.E.1    Weisbach, M.S.2
  • 25
    • 0001327638 scopus 로고
    • CEO tenure as a determinant of CEO pay
    • September
    • Hill, C.W.L. and P. Phan (1991), 'CEO Tenure as a Determinant of CEO Pay', Academy of Management Journal (September), pp. 707-17.
    • (1991) Academy of Management Journal , pp. 707-717
    • Hill, C.W.L.1    Phan, P.2
  • 26
    • 84925895466 scopus 로고
    • Effect of control type on the performance of the firm in the U.K.
    • June
    • Holl, P. (1975), 'Effect of Control Type on the Performance of the Firm in the U.K', The Journal of Industrial Economics (June), pp. 257-71.
    • (1975) Journal of Industrial Economics , pp. 257-271
    • Holl, P.1
  • 27
    • 0007186679 scopus 로고
    • Potential determinants of corporate inventory accounting decisions
    • Autumn
    • Hunt, H.G. III (1985), 'Potential Determinants of Corporate Inventory Accounting Decisions', Journal of Accounting Research (Autumn), pp. 448-67.
    • (1985) Journal of Accounting Research , pp. 448-467
    • Hunt III, H.G.1
  • 28
    • 77951571975 scopus 로고
    • A theory of conglomerate mergers: Comment
    • November
    • Kamerschen, D.R. (1970), 'A Theory of Conglomerate Mergers: Comment', Quarterly Journal of Economics (November), pp. 668-73.
    • (1970) Quarterly Journal of Economics , pp. 668-673
    • Kamerschen, D.R.1
  • 29
    • 0002602436 scopus 로고
    • Corporate lobbying and changes in financing or operating activities in reaction to FAS no. 8
    • (Winter
    • Kelly, L. (1982), 'Corporate Lobbying and Changes in Financing or Operating Activities in Reaction to FAS No. 8', Journal of Accounting and Public Policy (Winter), pp. 153-73.
    • (1982) Journal of Accounting and Public Policy , pp. 153-173
    • Kelly, L.1
  • 30
    • 0001697340 scopus 로고
    • Directors' characteristics and committee membership: An investigation of type, occupation, tenure, and gender
    • March
    • Kesner, I. (1988), 'Directors' Characteristics and Committee Membership: An Investigation of Type, Occupation, Tenure, and Gender', Academy of Management Journal (March), pp. 66-84.
    • (1988) Academy of Management Journal , pp. 66-84
    • Kesner, I.1
  • 31
    • 84934561624 scopus 로고
    • Greenmail: A study of board performance in corporate governance
    • June
    • Kosnik, R.D. (1987), 'Greenmail: A Study of Board Performance in Corporate Governance', Administrative Science Quarterly (June), pp. 163-85.
    • (1987) Administrative Science Quarterly , pp. 163-185
    • Kosnik, R.D.1
  • 32
    • 0009161369 scopus 로고
    • How to keep directors' eyes on the CEO
    • (July 20), and B6
    • Lublin, J.S. (1994), 'How to Keep Directors' Eyes on the CEO', The Wall Street Journal (July 20), pp. B1 and B6.
    • (1994) The Wall Street Journal
    • Lublin, J.S.1
  • 33
    • 0010850048 scopus 로고    scopus 로고
    • The great divide
    • (April 11), and R4
    • - (1996), 'The Great Divide', Wall Street Journal (April 11), pp. R1 and R4.
    • (1996) Wall Street Journal
  • 35
    • 77951556846 scopus 로고
    • The CEO, the board of directors, and executive compensation: Economic and psychological perspectives
    • Berkeley
    • Main, B.G., C.A. O'Reilly III, and J. Wade (1993), 'The CEO, the Board of Directors, and Executive Compensation: Economic and Psychological Perspectives', Working Paper (University of California, Berkeley).
    • (1993) Working Paper, University of California
    • Main, B.G.1    O'Reilly III, C.A.2    Wade, J.3
  • 36
    • 84888406364 scopus 로고
    • Ownership structure, board relations and CEO compensation in large US corporations
    • Mangel, R. and H. Singh. (1993), 'Ownership Structure, Board Relations and CEO Compensation in Large US Corporations', Accounting and Business Research, pp. 339-50.
    • (1993) Accounting and Business Research , pp. 339-350
    • Mangel, R.1    Singh, H.2
  • 37
    • 0011088442 scopus 로고
    • Additional evidence on equity ownership and corporate value
    • October
    • McConnell, J.J. and H. Servaes (1990), 'Additional Evidence on Equity Ownership and Corporate Value', Journal of Financial Economics (October), pp. 595-612.
    • (1990) Journal of Financial Economics , pp. 595-612
    • McConnell, J.J.1    Servaes, H.2
  • 38
    • 0000207706 scopus 로고
    • Executive compensation structure, ownership, and firm performance
    • June
    • Mehran, H. (1995), 'Executive Compensation Structure, Ownership, and Firm Performance', Journal of Financial Economics (June), pp. 163-84.
    • (1995) Journal of Financial Economics , pp. 163-184
    • Mehran, H.1
  • 39
    • 0000688459 scopus 로고
    • Who controls whom? An examination of the relation between management and boards of directors in large corporations
    • July
    • Mizruchi, M.S. (1983), 'Who Controls Whom? An Examination of the Relation Between Management and Boards of Directors in Large Corporations', Academy of Management Review (July), pp. 426-35.
    • (1983) Academy of Management Review , pp. 426-435
    • Mizruchi, M.S.1
  • 40
    • 0043144248 scopus 로고    scopus 로고
    • On the correlates of cross-sectional variation in corporate pay structures
    • Summer
    • Newman, H.A. and J.W. Bannister (1998), 'On the Correlates of Cross-Sectional Variation in Corporate Pay Structures', Journal of Managerial Issues (Summer), pp. 223-39.
    • (1998) Journal of Managerial Issues , pp. 223-239
    • Newman, H.A.1    Bannister, J.W.2
  • 41
    • 0033476716 scopus 로고    scopus 로고
    • Does the composition of the compensation committee influence CEO compensation practices
    • (Autumn)
    • - and H. Mozes. (1999), 'Does the Composition of the Compensation Committee Influence CEO Compensation Practices', Financial Management (Autumn), pp. 41-53.
    • (1999) Financial Management , pp. 41-53
    • Mozes, H.1
  • 42
    • 0010853951 scopus 로고
    • Ownership structure and inventory method choice
    • April
    • Niehaus, G.R. (1989), 'Ownership Structure and Inventory Method Choice', The Accounting Review (April), pp. 269-84.
    • (1989) The Accounting Review , pp. 269-284
    • Niehaus, G.R.1
  • 43
    • 84934454305 scopus 로고
    • CEO compensation as tournament and social comparison: A tale of two theories
    • June
    • O'Reilly III, C.A., B.G. Main and G.S. Crystal (1988), 'CEO Compensation as Tournament and Social Comparison: A Tale of Two Theories', Administrative Science Quarterly (June), pp. 257-74.
    • (1988) Administrative Science Quarterly , pp. 257-274
    • O'Reilly III, C.A.1    Main, B.G.2    Crystal, G.S.3
  • 44
    • 85044911269 scopus 로고
    • Size and composition of corporate boards of directors
    • June
    • Pfeffer, J. (1972), 'Size and Composition of Corporate Boards of Directors', Administrative Science Quarterly (June), pp. 218-28.
    • (1972) Administrative Science Quarterly , pp. 218-228
    • Pfeffer, J.1
  • 45
    • 0001475438 scopus 로고
    • Board composition, ownership structure, and hostile takeovers
    • January
    • Shivdasani, A. (1993), 'Board Composition, Ownership Structure, and Hostile Takeovers', Journal of Accounting and Economics (January), pp. 167-98.
    • (1993) Journal of Accounting and Economics , pp. 167-198
    • Shivdasani, A.1
  • 46
  • 47
    • 0042737094 scopus 로고
    • The separation of ownership and control and firm performance: An empirical analysis
    • July
    • Sorenson, R. (1974), 'The Separation of Ownership and Control and Firm Performance: An Empirical Analysis', Southern Economic Journal (July), pp. 145-48.
    • (1974) Southern Economic Journal , pp. 145-148
    • Sorenson, R.1
  • 48
    • 84935413021 scopus 로고
    • The decoupling of CEO pay and performance: An agency perspective
    • June
    • Tosi, H.L. Jr. and L.R. Gomez-Mejia (1989), 'The Decoupling of CEO Pay and Performance: An Agency Perspective', Administrative Science Quarterly (June), pp. 169-89.
    • (1989) Administrative Science Quarterly , pp. 169-189
    • Tosi Jr., H.L.1    Gomez-Mejia, L.R.2
  • 49
    • 0001063077 scopus 로고
    • Motivation and politics in executive compensation
    • April
    • Ungson, G.R. and R.M. Steers (1984), 'Motivation and Politics in Executive Compensation', Academy of Management Review (April), pp. 313-23.
    • (1984) Academy of Management Review , pp. 313-323
    • Ungson, G.R.1    Steers, R.M.2
  • 51
    • 0345863553 scopus 로고
    • Performance of manager- versus owner-controlled firms in the food and beverage industry
    • Summer
    • Ware, R.F. (1975), 'Performance of Manager - Versus Owner-Controlled Firms in the Food and Beverage Industry', The Quarterly Review of Economics and Business (Summer), pp. 81-92.
    • (1975) The Quarterly Review of Economics and Business , pp. 81-92
    • Ware, R.F.1
  • 52
    • 33845790377 scopus 로고
    • Outside directors and CEO turnover
    • January/March
    • Weisbach, M.S. (1988), 'Outside Directors and CEO Turnover', Journal of Financial Economics (January/March), pp. 431-60.
    • (1988) Journal of Financial Economics , pp. 431-460
    • Weisbach, M.S.1
  • 53
    • 21844519175 scopus 로고
    • Other people's money: The effects of ownership on compensation strategy and managerial pay
    • December
    • Werner, S. and H.L. Tosi (1995), 'Other People's Money: The Effects of Ownership on Compensation Strategy and Managerial Pay', Academy of Management Journal (December), pp. 1672-91.
    • (1995) Academy of Management Journal , pp. 1672-1691
    • Werner, S.1    Tosi, H.L.2
  • 54
    • 0032220675 scopus 로고    scopus 로고
    • Board games: How CEOs adapt to increases in structural board independence from management
    • (September)
    • Westphal, J.D. (1998), 'Board Games: How CEOs Adapt to Increases in Structural Board Independence from Management', Administrative Science Quarterly (September), pp. 511-37.
    • (1998) Administrative Science Quarterly , pp. 511-537
    • Westphal, J.D.1
  • 55
    • 24944455789 scopus 로고
    • Who shall govern? CEO/board power, demographic similarity, and new director selection
    • (March)
    • - and E.J. Zajac (1995), 'Who Shall Govern? CEO/Board Power, Demographic Similarity, and New Director Selection', Administrative Science Quarterly (March), pp. 60-83.
    • (1995) Administrative Science Quarterly , pp. 60-83
    • Zajac, E.J.1
  • 56
    • 77951555264 scopus 로고
    • GM executives won't receive stock bonuses
    • January 5
    • White, J.B. (1994), 'GM Executives Won't Receive Stock Bonuses', The Wall Street Journal (January 5), p. A2.
    • (1994) Wall Street Journal
    • White, J.B.1
  • 57
    • 0000685017 scopus 로고
    • CEO selection, succession, compensation and firm performance: A theoretical integration and empirical analysis
    • Zajac, E.J. (1988), 'CEO Selection, Succession, Compensation and Firm Performance: A Theoretical Integration and Empirical Analysis', Strategic Management Journal, Vol. 11, pp. 313-30.
    • (1988) Strategic Management Journal , vol.11 , pp. 313-330
    • Zajac, E.J.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.