메뉴 건너뛰기




Volumn 29, Issue 3, 2012, Pages 666-709

The Compensation Committee Process

Author keywords

[No Author keywords available]

Indexed keywords


EID: 84860991916     PISSN: 08239150     EISSN: 19113846     Source Type: Journal    
DOI: 10.1111/j.1911-3846.2011.01118.x     Document Type: Article
Times cited : (104)

References (63)
  • 1
    • 0037288644 scopus 로고    scopus 로고
    • Restructuring charges and CEO cash compensation: A reexamination
    • Adut, D., W. H. Cready, and T. J. Lopez 2003. Restructuring charges and CEO cash compensation: A reexamination. The Accounting Review 78 (1): 169-92.
    • (2003) The Accounting Review , vol.78 , Issue.1 , pp. 169-192
    • Adut, D.1    Cready, W.H.2    Lopez, T.J.3
  • 2
    • 0038353971 scopus 로고    scopus 로고
    • An empirical examination of the role of the CEO and the compensation committee in structuring executive pay
    • Anderson, R. C., and J. M. Bizjak 2003. An empirical examination of the role of the CEO and the compensation committee in structuring executive pay. Journal of Banking and Finance 27 (7): 1323-48.
    • (2003) Journal of Banking and Finance , vol.27 , Issue.7 , pp. 1323-1348
    • Anderson, R.C.1    Bizjak, J.M.2
  • 4
    • 33748763876 scopus 로고    scopus 로고
    • Pay without performance: An overview of the issues
    • Bebchuk, L., and J. Fried 2006. Pay without performance: An overview of the issues. Academy of Management Perspectives 20 (1): 5-24.
    • (2006) Academy of Management Perspectives , vol.20 , Issue.1 , pp. 5-24
    • Bebchuk, L.1    Fried, J.2
  • 7
    • 84997701232 scopus 로고    scopus 로고
    • Does the use of peer groups contribute to higher pay and less efficient compensation?
    • Bizjak, J. M., M. L. Lemmon, and L. Naveen 2008. Does the use of peer groups contribute to higher pay and less efficient compensation? Journal of Financial Economics 90 (2): 152-68.
    • (2008) Journal of Financial Economics , vol.90 , Issue.2 , pp. 152-168
    • Bizjak, J.M.1    Lemmon, M.L.2    Naveen, L.3
  • 9
    • 77950444104 scopus 로고    scopus 로고
    • The effect of capital market pressures on the association between R&D spending and CEO option compensation
    • Cao, J., and I. Laksmana 2010. The effect of capital market pressures on the association between R&D spending and CEO option compensation. Review of Quantitative Finance and Accounting 34 (2): 273-300.
    • (2010) Review of Quantitative Finance and Accounting , vol.34 , Issue.2 , pp. 273-300
    • Cao, J.1    Laksmana, I.2
  • 10
    • 2442648862 scopus 로고    scopus 로고
    • R&D expenditures and CEO compensation
    • Cheng, S. 2004. R&D expenditures and CEO compensation. The Accounting Review 79 (2): 305-28.
    • (2004) The Accounting Review , vol.79 , Issue.2 , pp. 305-328
    • Cheng, S.1
  • 11
    • 77249114172 scopus 로고    scopus 로고
    • Form versus substance: The implications for auditing practice and research of alternative perspectives on corporate governance
    • Cohen, J., G. Krishnamoorthy, and A. M. Wright 2008. Form versus substance: The implications for auditing practice and research of alternative perspectives on corporate governance. Auditing: A Journal of Practice and Theory 27 (2): 181-98.
    • (2008) Auditing: A Journal of Practice and Theory , vol.27 , Issue.2 , pp. 181-198
    • Cohen, J.1    Krishnamoorthy, G.2    Wright, A.M.3
  • 12
    • 77956578640 scopus 로고    scopus 로고
    • Corporate governance and the audit process in the post Sarbanes-Oxley era: Do auditors perceive substantive changes?
    • Cohen, J., G. Krishnamoorthy, and A. M. Wright 2010. Corporate governance and the audit process in the post Sarbanes-Oxley era: Do auditors perceive substantive changes? Contemporary Accounting Research 27 (3): 751-86.
    • (2010) Contemporary Accounting Research , vol.27 , Issue.3 , pp. 751-786
    • Cohen, J.1    Krishnamoorthy, G.2    Wright, A.M.3
  • 13
    • 76249134374 scopus 로고    scopus 로고
    • Corporate governance and backdating of executive stock options
    • Collins, D. W., G. Gong, and H. Li 2009. Corporate governance and backdating of executive stock options. Contemporary Accounting Research 26 (2): 403-45.
    • (2009) Contemporary Accounting Research , vol.26 , Issue.2 , pp. 403-445
    • Collins, D.W.1    Gong, G.2    Li, H.3
  • 14
    • 33748759540 scopus 로고    scopus 로고
    • Compensation committees and CEO compensation incentives in U.S. entrepreneurial firms
    • Conyon, M., and L. He 2004. Compensation committees and CEO compensation incentives in U.S. entrepreneurial firms. Journal of Management Accounting Research 16: 35-56.
    • (2004) Journal of Management Accounting Research , vol.16 , pp. 35-56
    • Conyon, M.1    He, L.2
  • 16
    • 21344482592 scopus 로고
    • The effect of restructuring charges on executives' cash compensation
    • Dechow, P. M., M. R. Huson, and R. G. Sloan 1994. The effect of restructuring charges on executives' cash compensation. The Accounting Review 69 (1): 138-56.
    • (1994) The Accounting Review , vol.69 , Issue.1 , pp. 138-156
    • Dechow, P.M.1    Huson, M.R.2    Sloan, R.G.3
  • 17
    • 73949125987 scopus 로고    scopus 로고
    • Fair value accounting and gains from asset securitizations: A convenient earnings management tool with compensation side-benefits
    • Dechow, P. M., L. A. Myers, and C. Shakespeare 2010. Fair value accounting and gains from asset securitizations: A convenient earnings management tool with compensation side-benefits. Journal of Accounting and Economics 49 (1-2): 2-25.
    • (2010) Journal of Accounting and Economics , vol.49 , Issue.1-2 , pp. 2-25
    • Dechow, P.M.1    Myers, L.A.2    Shakespeare, C.3
  • 18
    • 0000953669 scopus 로고
    • The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields
    • DiMaggio, P. J., and W. W. Powell 1983. The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields. American Sociological Review 48 (2): 147-60.
    • (1983) American Sociological Review , vol.48 , Issue.2 , pp. 147-160
    • DiMaggio, P.J.1    Powell, W.W.2
  • 19
    • 0346045794 scopus 로고    scopus 로고
    • The shielding of CEO compensation from the effects of strategic expenditures
    • Duru, A., R. J. Iyengar, and A. Thevaranjan 2002. The shielding of CEO compensation from the effects of strategic expenditures. Contemporary Accounting Research 19 (2): 175-93.
    • (2002) Contemporary Accounting Research , vol.19 , Issue.2 , pp. 175-193
    • Duru, A.1    Iyengar, R.J.2    Thevaranjan, A.3
  • 20
    • 0000172445 scopus 로고
    • The separation of ownership and control
    • Fama, E. R., and M. C. Jensen 1983. The separation of ownership and control. Journal of Law and Economics 26 (2): 301-25.
    • (1983) Journal of Law and Economics , vol.26 , Issue.2 , pp. 301-325
    • Fama, E.R.1    Jensen, M.C.2
  • 21
    • 77951209013 scopus 로고    scopus 로고
    • Inside the black box: The role and composition of compensation peer groups
    • Faulkender, M., and J. Yang 2010. Inside the black box: The role and composition of compensation peer groups. Journal of Financial Economics 96 (2): 257-70.
    • (2010) Journal of Financial Economics , vol.96 , Issue.2 , pp. 257-270
    • Faulkender, M.1    Yang, J.2
  • 22
    • 62949189503 scopus 로고    scopus 로고
    • Discussion of "The audit committee oversight process": Advocating openness in accounting research
    • Gendron, Y. 2009. Discussion of "The audit committee oversight process": Advocating openness in accounting research. Contemporary Accounting Research 26 (1): 123-34.
    • (2009) Contemporary Accounting Research , vol.26 , Issue.1 , pp. 123-134
    • Gendron, Y.1
  • 23
    • 0037697347 scopus 로고    scopus 로고
    • Boards of directors and firm performance: Integrating agency and resource dependence perspectives
    • Hillman, A. J., and T. Dalziel 2003. Boards of directors and firm performance: Integrating agency and resource dependence perspectives. Academy of Management Review 28 (3): 383-96.
    • (2003) Academy of Management Review , vol.28 , Issue.3 , pp. 383-396
    • Hillman, A.J.1    Dalziel, T.2
  • 24
    • 58849155519 scopus 로고    scopus 로고
    • Conflicting objectives within the board: Evidence from overlapping audit and compensation committee members
    • Hoitash, U., and R. Hoitash 2009. Conflicting objectives within the board: Evidence from overlapping audit and compensation committee members. Group Decision and Negotiation 18 (1): 57-73.
    • (2009) Group Decision and Negotiation , vol.18 , Issue.1 , pp. 57-73
    • Hoitash, U.1    Hoitash, R.2
  • 25
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behavior, agency costs, and ownership structure
    • Jensen, M. C., and W. H. Meckling 1976. Theory of the firm: Managerial behavior, agency costs, and ownership structure. Journal of Financial Economics 3 (4): 305-60.
    • (1976) Journal of Financial Economics , vol.3 , Issue.4 , pp. 305-360
    • Jensen, M.C.1    Meckling, W.H.2
  • 26
    • 57149140512 scopus 로고    scopus 로고
    • Corporate board governance and voluntary disclosure of executive compensation practices
    • Laksmana, I. 2008. Corporate board governance and voluntary disclosure of executive compensation practices. Contemporary Accounting Research 25 (4): 1147-82.
    • (2008) Contemporary Accounting Research , vol.25 , Issue.4 , pp. 1147-1182
    • Laksmana, I.1
  • 27
    • 84866334325 scopus 로고    scopus 로고
    • Back door links between directors and executive compensation. Working paper, University of Pennsylvania.
    • Larcker, D. F., S. A. Richardson, A. J. Seary, and I. Tuna 2005. Back door links between directors and executive compensation. Working paper, University of Pennsylvania.
    • (2005)
    • Larcker, D.F.1    Richardson, S.A.2    Seary, A.J.3    Tuna, I.4
  • 28
    • 67650751609 scopus 로고    scopus 로고
    • Board committees, CEO compensation, and earnings management
    • Laux, C., and V. Laux 2009. Board committees, CEO compensation, and earnings management. The Accounting Review 84 (3): 869-91.
    • (2009) The Accounting Review , vol.84 , Issue.3 , pp. 869-891
    • Laux, C.1    Laux, V.2
  • 29
    • 61349185362 scopus 로고    scopus 로고
    • Corporate culture and the problem of executive compensation
    • Levitt, A. Jr. 2005. Corporate culture and the problem of executive compensation. Journal of Corporation Law 30 (4): 749-53.
    • (2005) Journal of Corporation Law , vol.30 , Issue.4 , pp. 749-753
    • Levitt Jr., A.1
  • 31
    • 84866330914 scopus 로고    scopus 로고
    • Sense-making in compensation committees: A cultural theory perspective. Working paper, Université Laval.
    • Malsch, B., M.-S. Tremblay, and Y. Gendron 2011. Sense-making in compensation committees: A cultural theory perspective. Working paper, Université Laval.
    • (2011)
    • Malsch, B.1    Tremblay, M.-S.2    Gendron, Y.3
  • 32
    • 84866314166 scopus 로고    scopus 로고
    • Stacked deck: Can governance structures explain CEO compensation differences across countries?
    • Martin, J. A., and K. J. Davis 2010. Stacked deck: Can governance structures explain CEO compensation differences across countries? Academy of Management Perspectives 24 (1): 78-79.
    • (2010) Academy of Management Perspectives , vol.24 , Issue.1 , pp. 78-79
    • Martin, J.A.1    Davis, K.J.2
  • 33
    • 0000057597 scopus 로고
    • Institutional organizations: Formal structure as myth and ceremony
    • Meyer, J. W., and B. Rowan 1977. Institutional organizations: Formal structure as myth and ceremony. American Journal of Sociology 80: 340-63.
    • (1977) American Journal of Sociology , vol.80 , pp. 340-363
    • Meyer, J.W.1    Rowan, B.2
  • 34
    • 76849086553 scopus 로고    scopus 로고
    • Executive pay and "independent" compensation consultants
    • Murphy, K. J., and T. Sandino 2010. Executive pay and "independent" compensation consultants. Journal of Accounting and Economics 49 (2): 247-62.
    • (2010) Journal of Accounting and Economics , vol.49 , Issue.2 , pp. 247-262
    • Murphy, K.J.1    Sandino, T.2
  • 35
    • 77955757288 scopus 로고    scopus 로고
    • Role of corporate governance in mitigating the selective disclosure of executive stock option information
    • Nelson, J., G. Gallery, and M. Perey 2010. Role of corporate governance in mitigating the selective disclosure of executive stock option information. Accounting and Finance 50 (3): 685-717.
    • (2010) Accounting and Finance , vol.50 , Issue.3 , pp. 685-717
    • Nelson, J.1    Gallery, G.2    Perey, M.3
  • 37
    • 44449097108 scopus 로고    scopus 로고
    • Executive pay and the search for legitimacy: An investigation into how U.K. remuneration committees use corporate performance comparisons in long-term incentive pay decisions
    • Ogden, S., and R. Watson 2008. Executive pay and the search for legitimacy: An investigation into how U.K. remuneration committees use corporate performance comparisons in long-term incentive pay decisions. Human Relations 61 (5): 711-39.
    • (2008) Human Relations , vol.61 , Issue.5 , pp. 711-739
    • Ogden, S.1    Watson, R.2
  • 38
    • 0001279075 scopus 로고
    • Strategic responses to institutional processes
    • Oliver, C. 1991. Strategic responses to institutional processes. The Academy of Management Review 16 (1): 145-79.
    • (1991) The Academy of Management Review , vol.16 , Issue.1 , pp. 145-179
    • Oliver, C.1
  • 39
    • 0030673659 scopus 로고    scopus 로고
    • The influence of institutional and task environment relationships on organizational performance: The Canadian construction industry
    • Oliver, C. 1997. The influence of institutional and task environment relationships on organizational performance: The Canadian construction industry. Journal of Management Studies 34 (1): 99-124.
    • (1997) Journal of Management Studies , vol.34 , Issue.1 , pp. 99-124
    • Oliver, C.1
  • 40
    • 0037394548 scopus 로고    scopus 로고
    • Institutional transitions and strategic choices
    • Peng, M. W. 2003. Institutional transitions and strategic choices. Academy of Management Review 28 (2): 275-86.
    • (2003) Academy of Management Review , vol.28 , Issue.2 , pp. 275-286
    • Peng, M.W.1
  • 41
    • 27844565755 scopus 로고    scopus 로고
    • Ordering top pay: Interpreting the signals
    • Perkins, S. J., and C. Hendry 2005. Ordering top pay: Interpreting the signals. Journal of Management Studies 42 (7): 1443-68.
    • (2005) Journal of Management Studies , vol.42 , Issue.7 , pp. 1443-1468
    • Perkins, S.J.1    Hendry, C.2
  • 43
    • 77954555266 scopus 로고    scopus 로고
    • Discussion of "The world has changed - Have analytical procedure practices?"
    • Radcliffe, V. S. 2010. Discussion of "The world has changed - Have analytical procedure practices?" Contemporary Accounting Research 27 (2): 701-09.
    • (2010) Contemporary Accounting Research , vol.27 , Issue.2 , pp. 701-709
    • Radcliffe, V.S.1
  • 45
    • 0039333736 scopus 로고    scopus 로고
    • Accounting consultation units: An organizational memory analysis
    • Salterio, S. E., and R. A. Denham 1997. Accounting consultation units: An organizational memory analysis. Contemporary Accounting Research 14 (4): 669-91.
    • (1997) Contemporary Accounting Research , vol.14 , Issue.4 , pp. 669-691
    • Salterio, S.E.1    Denham, R.A.2
  • 46
    • 49749084028 scopus 로고    scopus 로고
    • The impact of corporate governance on executive compensation
    • Sapp, S. G. 2008. The impact of corporate governance on executive compensation. European Financial Management 14 (4): 710-46.
    • (2008) European Financial Management , vol.14 , Issue.4 , pp. 710-746
    • Sapp, S.G.1
  • 48
    • 77954336741 scopus 로고    scopus 로고
    • Is CEO cash compensation punished for poor firm performance?
    • Shaw, K. W., and M. H. Zhang 2010. Is CEO cash compensation punished for poor firm performance? The Accounting Review 85 (3): 1065-93.
    • (2010) The Accounting Review , vol.85 , Issue.3 , pp. 1065-1093
    • Shaw, K.W.1    Zhang, M.H.2
  • 49
    • 70349603062 scopus 로고    scopus 로고
    • Corporate governance and earnings inequality in the OECD countries 1979-2000
    • Sjoberg, O. 2009. Corporate governance and earnings inequality in the OECD countries 1979-2000. European Sociological Review 25 (5): 519-33.
    • (2009) European Sociological Review , vol.25 , Issue.5 , pp. 519-533
    • Sjoberg, O.1
  • 50
    • 62249204393 scopus 로고    scopus 로고
    • The effect of compensation committee quality on the association between CEO cash compensation and accounting performance
    • Sun, J., and S. F. Cahan 2009. The effect of compensation committee quality on the association between CEO cash compensation and accounting performance. Corporate Governance: An International Review 17 (2): 193-207.
    • (2009) Corporate Governance: An International Review , vol.17 , Issue.2 , pp. 193-207
    • Sun, J.1    Cahan, S.F.2
  • 51
    • 67349166938 scopus 로고    scopus 로고
    • Compensation committee governance quality, chief executive officer stock option grants, and future firm performance
    • Sun, J., S. F. Cahan, and D. Emanuel 2009. Compensation committee governance quality, chief executive officer stock option grants, and future firm performance. Journal of Banking and Finance 33 (8): 1507-19.
    • (2009) Journal of Banking and Finance , vol.33 , Issue.8 , pp. 1507-1519
    • Sun, J.1    Cahan, S.F.2    Emanuel, D.3
  • 52
    • 11144287207 scopus 로고    scopus 로고
    • Culture and CEO compensation
    • Tosi, H. L., and T. Greckhamer 2004. Culture and CEO compensation. Organization Science 15 (6): 657-70.
    • (2004) Organization Science , vol.15 , Issue.6 , pp. 657-670
    • Tosi, H.L.1    Greckhamer, T.2
  • 53
    • 0001355948 scopus 로고    scopus 로고
    • How much does performance matter? A meta-analysis of CEO pay studies
    • Tosi, H. L., S. Werner, J. P. Katz, and L. R. Gomez-Mejia 2000. How much does performance matter? A meta-analysis of CEO pay studies. Journal of Management 26 (2): 301-39.
    • (2000) Journal of Management , vol.26 , Issue.2 , pp. 301-339
    • Tosi, H.L.1    Werner, S.2    Katz, J.P.3    Gomez-Mejia, L.R.4
  • 56
    • 33646255117 scopus 로고    scopus 로고
    • The strategic impetus for social network ties: Reconstituting broken CEO friendship ties
    • Westphal, J. D., S. Boivie, and D. H. Ming 2006. The strategic impetus for social network ties: Reconstituting broken CEO friendship ties. Strategic Management Journal 27 (5): 425-45.
    • (2006) Strategic Management Journal , vol.27 , Issue.5 , pp. 425-445
    • Westphal, J.D.1    Boivie, S.2    Ming, D.H.3
  • 57
    • 67349260970 scopus 로고
    • Substance and symbolism in CEOs' long-term incentive plans
    • Westphal, J. D., and E. J. Zajac 1994. Substance and symbolism in CEOs' long-term incentive plans. Administrative Science Quarterly 39 (3): 367-90.
    • (1994) Administrative Science Quarterly , vol.39 , Issue.3 , pp. 367-390
    • Westphal, J.D.1    Zajac, E.J.2
  • 58
    • 24944455789 scopus 로고
    • Who shall govern? CEO/board power, demographic similarity, and new director selection
    • Westphal, J. D., and E. J. Zajac 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
  • 60
    • 84970228690 scopus 로고
    • Boards of directors and corporate financial performance: A review and integrative model
    • Zahra, S. A., and J. A. Pearce, II. 1989. Boards of directors and corporate financial performance: A review and integrative model. Journal of Management 15 (2): 291-334.
    • (1989) Journal of Management , vol.15 , Issue.2 , pp. 291-334
    • Zahra, S.A.1    Pearce II, J.A.2
  • 61
    • 0001532098 scopus 로고
    • Accounting for the explanations of CEO compensation: Substance and symbolism
    • Zajac, E. J., and J. D. Westphal 1995. Accounting for the explanations of CEO compensation: Substance and symbolism. Administrative Science Quarterly 40 (2): 283-306.
    • (1995) Administrative Science Quarterly , vol.40 , Issue.2 , pp. 283-306
    • Zajac, E.J.1    Westphal, J.D.2
  • 62
    • 0030243417 scopus 로고    scopus 로고
    • Director reputation, CEO-board power, and the dynamics of board interlocks
    • Zajac, E. J., and J. D. Westphal 1996. Director reputation, CEO-board power, and the dynamics of board interlocks. Administrative Science Quarterly 41 (3): 507-29.
    • (1996) Administrative Science Quarterly , vol.41 , Issue.3 , pp. 507-529
    • Zajac, E.J.1    Westphal, J.D.2
  • 63
    • 77951803562 scopus 로고    scopus 로고
    • Compensation/audit committee overlap and the design of compensation systems
    • Zheng, X., and C. Cullinan 2010. Compensation/audit committee overlap and the design of compensation systems. International Journal of Disclosure and Governance 7 (2): 136-52.
    • (2010) International Journal of Disclosure and Governance , vol.7 , Issue.2 , pp. 136-152
    • Zheng, X.1    Cullinan, C.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.