메뉴 건너뛰기




Volumn 43, Issue 6, 2013, Pages 580-589

The ombudsman: Are top executives paid enough? An evidence-based review

Author keywords

Bonus; Cooperatives; Corporate governance; Democracy; Employee selection; Executive compensation; Incentives; Index methods; Judgmental bootstrapping; Mondragon; Motivation; Pay; Performance; Stakeholders

Indexed keywords


EID: 84892621522     PISSN: 00922102     EISSN: 1526551X     Source Type: Journal    
DOI: 10.1287/inte.2013.0705     Document Type: Review
Times cited : (18)

References (62)
  • 1
    • 44049119715 scopus 로고
    • Predicting the job performance of managers: What do the experts know?
    • Ahlburg DA (1992) Predicting the job performance of managers: What do the experts know? Internat. J. Forecasting 7(4):467-472.
    • (1992) Internat. J. Forecasting , vol.7 , Issue.4 , pp. 467-472
    • Ahlburg, D.A.1
  • 2
    • 67650401464 scopus 로고    scopus 로고
    • Testing a social-cognitive model of moral behavior: The interactive influence of situations and moral identity centrality
    • Aquino K, Freeman D, Reed A, Felps W, Lim VK (2009) Testing a social-cognitive model of moral behavior: The interactive influence of situations and moral identity centrality. J. Personality Sociol. Psych. 97(1):123-141.
    • (2009) J. Personality Sociol. Psych. , vol.97 , Issue.1 , pp. 123-141
    • Aquino, K.1    Freeman, D.2    Reed, A.3    Felps, W.4    Lim, V.K.5
  • 5
    • 0005832516 scopus 로고
    • Social irresponsibility in management
    • Armstrong JS (1977) Social irresponsibility in management. J. Bus. Res. 5(3):185-213.
    • (1977) J. Bus. Res. , vol.5 , Issue.3 , pp. 185-213
    • Armstrong, J.S.1
  • 6
    • 0019148594 scopus 로고
    • The seer-sucker theory: The value of experts in forecasting
    • Armstrong JS (1980) The seer-sucker theory: The value of experts in forecasting. Tech. Rev. 83(7):16-24.
    • (1980) Tech. Rev. , vol.83 , Issue.7 , pp. 16-24
    • Armstrong, J.S.1
  • 8
    • 84862535656 scopus 로고    scopus 로고
    • Illusions in regression analysis
    • Armstrong JS (2012a) Illusions in regression analysis. Internat. J. Forecasting 28(3):689-694.
    • (2012) Internat. J. Forecasting , vol.28 , Issue.3 , pp. 689-694
    • Armstrong, J.S.1
  • 9
    • 84892609631 scopus 로고    scopus 로고
    • Natural learning in higher education
    • Seel NM Ed. Springer, New York
    • Armstrong JS (2012b) Natural learning in higher education. Seel NM, ed. Encyclopedia of the Sciences of Learning (Springer, New York), 2426-2433.
    • (2012) Encyclopedia Of The Sciences Of Learning , pp. 2426-2433
    • Armstrong, J.S.1
  • 10
    • 84890098532 scopus 로고    scopus 로고
    • Predicting job performance: The moneyball factor
    • (Spring
    • Armstrong JS (2012c) Predicting job performance: The moneyball factor. Foresight Internat. J. Appl. Forecasting 25(Spring):31-34.
    • (2012) Foresight Internat. J. Appl. Forecasting , vol.2 , pp. 31-34
    • Armstrong, J.S.1
  • 11
    • 79955481478 scopus 로고    scopus 로고
    • Predicting elections from biographical information about candidates: A test of the index method
    • Armstrong JS, Graefe A (2011) Predicting elections from biographical information about candidates: A test of the index method. J. Bus. Res. 64(7):699-706.
    • (2011) J. Bus. Res. , vol.64 , Issue.7 , pp. 699-706
    • Armstrong, J.S.1    Graefe, A.2
  • 14
    • 77951211709 scopus 로고    scopus 로고
    • Lucky ceos and lucky directors
    • Bebchuk LA, Grinstein Y, Peyer U (2010) Lucky CEOs and lucky directors. J. Finance 65(6):2363-2401.
    • (2010) J. Finance , vol.65 , Issue.6 , pp. 2363-2401
    • Bebchuk, L.A.1    Grinstein, Y.2    Peyer, U.3
  • 15
    • 84873160560 scopus 로고    scopus 로고
    • Ceo compensation contagion: Evidence from an exogenous shock
    • Bereskin FL, Cicero DC (2012) CEO compensation contagion: Evidence from an exogenous shock. J. Financial Econom. 107(2):477-493.
    • (2012) J. Financial Econom. , vol.107 , Issue.2 , pp. 477-493
    • Bereskin, F.L.1    Cicero, D.C.2
  • 16
    • 0033446833 scopus 로고    scopus 로고
    • Is there discretion in wage setting? A test using takeover legislation
    • Bertrand M, Mullainathan S (1999) Is there discretion in wage setting? A test using takeover legislation. RAND J. Econom. 30(3):535-554.
    • (1999) RAND J. Econom. , vol.30 , Issue.3 , pp. 535-554
    • Bertrand, M.1    Mullainathan, S.2
  • 17
    • 0039784061 scopus 로고    scopus 로고
    • Are ceos rewarded for luck? The ones without principles are
    • Bertrand M, Mullainathan S (2001) Are CEOs rewarded for luck? The ones without principles are. Quart. J. Econom. 116(3): 901-932.
    • (2001) Quart. J. Econom. , vol.116 , Issue.3 , pp. 901-932
    • Bertrand, M.1    Mullainathan, S.2
  • 18
    • 0344983396 scopus 로고    scopus 로고
    • Enjoying the quiet life? Corporate governance and managerial preferences
    • DOI 10.1086/376950
    • Bertrand M, Mullainathan S (2003) Enjoying the quiet life? Corporate governance and managerial preferences. J. Political Econom. 111(5):1043-1075. (Pubitemid 37458438)
    • (2003) Journal of Political Economy , vol.111 , Issue.5 , pp. 1043-1075
    • Bertrand, M.1    Mullainathan, S.2
  • 19
    • 84870163031 scopus 로고    scopus 로고
    • Paying more to get less: Specific skills, matching, and the effects of external hiring versus internal promotion
    • Bidwell M (2011) Paying more to get less: Specific skills, matching, and the effects of external hiring versus internal promotion. Admin. Sci. Quart. 56(3):369-407.
    • (2011) Admin. Sci. Quart. , vol.56 , Issue.3 , pp. 369-407
    • Bidwell, M.1
  • 20
    • 0030078417 scopus 로고    scopus 로고
    • What's wrong with the treadway commission report? Experimental analyses of the effects of personal values and codes of conduct on fraudulent financial reporting
    • Brief AP, Dukerich JM, Brown PR, Brett JF (1996) What's wrong with the treadway commission report? Experimental analyses of the effects of personal values and codes of conduct on fraudulent financial reporting. J. Bus. Ethics 15(2):183-198. (Pubitemid 126173029)
    • (1996) Journal of Business Ethics , vol.15 , Issue.2 , pp. 183-198
    • Brief, A.P.1    Dukerich, J.M.2    Brown, P.R.3    Brett, J.F.4
  • 21
    • 84970348460 scopus 로고
    • Reinforcement, reward, and intrinsic motivation: A meta-analysis
    • Cameron J, Pierce WD (1994) Reinforcement, reward, and intrinsic motivation: A meta-analysis. Rev. Ed. Res. 64(3):363-423.
    • (1994) Rev. Ed. Res. , vol.64 , Issue.3 , pp. 363-423
    • Cameron, J.1    Pierce, W.D.2
  • 22
    • 58849157871 scopus 로고    scopus 로고
    • Ceo compensation and board structure
    • Chhaochharia V, Grinstein Y (2009) CEO compensation and board structure. J. Finance 64(1):231-261.
    • (2009) J. Finance , vol.64 , Issue.1 , pp. 231-261
    • Chhaochharia, V.1    Grinstein, Y.2
  • 23
    • 1542331656 scopus 로고
    • Management selection by executive recruitment consultancies: A survey and explanation of selection methods
    • Clark T (1992) Management selection by executive recruitment consultancies: A survey and explanation of selection methods. J. Managerial Psych. 7(6):3-10.
    • (1992) J. Managerial Psych. , vol.7 , Issue.6 , pp. 3-10
    • Clark, T.1
  • 24
    • 0012309398 scopus 로고
    • Predicting job performance: A comparison of expert opinion and research findings
    • Dakin S, Armstrong JS (1989) Predicting job performance: A comparison of expert opinion and research findings. Internat. J. Forecasting 5(2):87-194.
    • (1989) Internat. J. Forecasting , vol.5 , Issue.2 , pp. 87-194
    • Dakin, S.1    Armstrong, J.S.2
  • 25
    • 0033220501 scopus 로고    scopus 로고
    • A meta-analytic review of experiments examining the effects of extrinsic rewards on intrinsic motivation
    • Deci EL, Koestner R, Ryan RM (1999) A meta-analytic review of experiments examining the effects of extrinsic rewards on intrinsic motivation. Psych. Bull. 125(6):627-668.
    • (1999) Psych. Bull. , vol.125 , Issue.6 , pp. 627-668
    • Deci, E.L.1    Koestner, R.2    Ryan, R.M.3
  • 27
    • 0030280114 scopus 로고    scopus 로고
    • Detrimental effects of reward: Reality or myth?
    • Eisenberger R, Cameron J (1996) Detrimental effects of reward: Reality or myth? Amer. Psychologist 51(11):1153-1166. (Pubitemid 126420203)
    • (1996) American Psychologist , vol.51 , Issue.11 , pp. 1153-1166
    • Eisenberger, R.1    Cameron, J.2
  • 28
  • 29
    • 33748090573 scopus 로고    scopus 로고
    • Asymmetric benchmarking in compensation: Executives are rewarded for good luck but not penalized for bad
    • Garvey GT, Milbourn TT (2006) Asymmetric benchmarking in compensation: Executives are rewarded for good luck but not penalized for bad. J. Financial Econom. 82(1):97-225.
    • (2006) J. Financial Econom. , vol.82 , Issue.1 , pp. 97-225
    • Garvey, G.T.1    Milbourn, T.T.2
  • 30
    • 70449486273 scopus 로고    scopus 로고
    • Pay and performance: Individuals, groups, and executives
    • Gerhart B, Rynes SL, Fulmer IS (2009) Pay and performance: Individuals, groups, and executives. Acad. Management Ann. 3(1):251-315.
    • (2009) Acad. Management Ann. , vol.3 , Issue.1 , pp. 251-315
    • Gerhart, B.1    Rynes, S.L.2    Fulmer, I.S.3
  • 31
    • 0000590932 scopus 로고    scopus 로고
    • Orchestrating impartiality: The impact of "blind" auditions on female musicians
    • Goldin C, Rouse C (2000) Orchestrating impartiality: The impact of "blind" auditions on female musicians. Amer. Econom. Rev. 90(4):715-741.
    • (2000) Amer. Econom. Rev. , vol.90 , Issue.4 , pp. 715-741
    • Goldin, C.1    Rouse, C.2
  • 35
    • 0031371566 scopus 로고    scopus 로고
    • Specificity of CEO human capital and compensation
    • Harris D, Helfat C (1997) Specificity of CEO human capital and compensation. Strategic Management J. 18(11):895-920. (Pubitemid 127467833)
    • (1997) Strategic Management Journal , vol.18 , Issue.11 , pp. 895-920
    • Harris, D.1    Helfat, C.2
  • 37
    • 0345770775 scopus 로고    scopus 로고
    • Are financial incentives related to performance? A meta-analytic review of empirical research
    • Jenkins GD, Mitra A, Gupta N, Shaw JD (1998) Are financial incentives related to performance? A meta-analytic review of empirical research. J. Appl. Psych. 83(5):777-787.
    • (1998) J. Appl. Psych. , vol.83 , Issue.5 , pp. 777-787
    • Jenkins, G.D.1    Mitra, A.2    Gupta, N.3    Shaw, J.D.4
  • 38
    • 84936016411 scopus 로고
    • Performance pay and topmanagement incentives
    • Jensen MC, Murphy KJ (1990) Performance pay and topmanagement incentives. J. Political Econom. 98(2):225-264.
    • (1990) J. Political Econom. , vol.98 , Issue.2 , pp. 225-264
    • Jensen, M.C.1    Murphy, K.J.2
  • 40
    • 0001093750 scopus 로고    scopus 로고
    • Performance pay and productivity
    • Lazear EP (2000) Performance pay and productivity. Amer. Econom. Rev. 90(5):1346-1361.
    • (2000) Amer. Econom. Rev. , vol.90 , Issue.5 , pp. 1346-1361
    • Lazear, E.P.1
  • 41
    • 20944442909 scopus 로고    scopus 로고
    • On the timing of CEO stock option awards
    • DOI 10.1287/mnsc.1050.0365
    • Lie E (2005) On the timing of CEO stock option awards. Management Sci. 51(5):802-812. (Pubitemid 40867145)
    • (2005) Management Science , vol.51 , Issue.5 , pp. 802-812
    • Lie, E.1
  • 44
  • 45
    • 80053061380 scopus 로고    scopus 로고
    • Are incentive contracts rigged by powerful ceos?
    • Morse A, Nanda V, Seru A (2011) Are incentive contracts rigged by powerful CEOs? J. Finance 66(5):1779-1821.
    • (2011) J. Finance , vol.66 , Issue.5 , pp. 1779-1821
    • Morse, A.1    Nanda, V.2    Seru, A.3
  • 46
    • 0000588287 scopus 로고
    • Joint effects of assigned goal level and incentive structure on taskperformance: A laboratory study
    • Mowen JC, Middlemist RD, Luther D (1981) Joint effects of assigned goal level and incentive structure on taskperformance: A laboratory study. J. Appl. Psych. 66(5):598-603.
    • (1981) J. Appl. Psych. , vol.66 , Issue.5 , pp. 598-603
    • Mowen, J.C.1    Middlemist, R.D.2    Luther, D.3
  • 47
    • 0028689632 scopus 로고
    • Bias against overweight job applicants in a simulated employment interview
    • Pingitore R, Dugoni BL, Tindale RS, Spring B (1994) Bias against overweight job applicants in a simulated employment interview. J. Appl. Psych. 79(6):909-917.
    • (1994) J. Appl. Psych. , vol.79 , Issue.6 , pp. 909-917
    • Pingitore, R.1    Dugoni, B.L.2    Tindale, R.S.3    Spring, B.4
  • 48
    • 0009480521 scopus 로고    scopus 로고
    • The provision of incentives in firms
    • Prendergast C (1999) The provision of incentives in firms. J. Econom. Literature 37(1):7-63.
    • (1999) J. Econom. Literature , vol.37 , Issue.1 , pp. 7-63
    • Prendergast, C.1
  • 49
    • 84928505457 scopus 로고
    • Cognitive evaluation theory: A metaanalytic review of the literature
    • Rummel A, Feinberg R (1988) Cognitive evaluation theory: A metaanalytic review of the literature. Sociol. Behav. Personality 16(2):147-164.
    • (1988) Sociol. Behav. Personality , vol.16 , Issue.2 , pp. 147-164
    • Rummel, A.1    Feinberg, R.2
  • 50
    • 84892577182 scopus 로고    scopus 로고
    • Accessed April 22, 2013
    • Russ V (2012) School district's PSSA test scores drop. Accessed April 22, 2013, http://articles.philly.com/2012-09-23/news/34041720-1-math-scores- charter-schools-budget-for-city-schools.
    • (2012) School District's PSSA Test Scores Drop
    • Russ, V.1
  • 51
    • 0141908203 scopus 로고    scopus 로고
    • HR professionals' beliefs about effective human resource practices: Correspondence between research and practice
    • DOI 10.1002/hrm.10029
    • Rynes SL, Colbert AE, Brown KG (2002) HR professionals' beliefs about effective human resource practices: Correspondence between research and practice. Human Resource Management 41(2):149-174. (Pubitemid 37239372)
    • (2002) Human Resource Management , vol.41 , Issue.2 , pp. 149-174
    • Rynes, S.L.1    Colbert, A.E.2    Brown, K.G.3
  • 52
    • 0032391899 scopus 로고    scopus 로고
    • The validity and utility of selection methods in personnel psychology: Practical and theoretical implications of 85 years of research findings
    • Schmidt FL, Hunter JE (1998) The validity and utility of selection methods in personnel psychology: Practical and theoretical implications of 85 years of research findings. Psych. Bull. 124(2):262-274.
    • (1998) Psych. Bull. , vol.124 , Issue.2 , pp. 262-274
    • Schmidt, F.L.1    Hunter, J.E.2
  • 53
    • 84892583791 scopus 로고    scopus 로고
    • Accessed April 22 2013
    • Settimi C (2008) The executive recruitment trap. Accessed April 22, 2013, http://www.forbes.com/2008/12/19/recruiting -executive-chief-leadership- governance-cx-cs-1219recruit.html.
    • (2008) The Executive Recruitment Trap
    • Settimi, C.1
  • 54
    • 49549151309 scopus 로고
    • Dimensional commensurability and cue utilization in comparative judgment
    • Slovic P, MacPhillamy DJ (1974) Dimensional commensurability and cue utilization in comparative judgment. Organ. Behav. Human Performance 11(2):172-194.
    • (1974) Organ. Behav. Human Performance , vol.11 , Issue.2 , pp. 172-194
    • Slovic, P.1    MacPhillamy, D.J.2
  • 56
    • 84984147232 scopus 로고
    • The overjustification effect: A metaanalysis
    • Tang SH, Hall VC (1995) The overjustification effect: A metaanalysis. Appl. Cognitive Psych. 9(5):365-404.
    • (1995) Appl. Cognitive Psych. , vol.9 , Issue.5 , pp. 365-404
    • Tang, S.H.1    Hall, V.C.2
  • 58
    • 0035623711 scopus 로고    scopus 로고
    • The illusion of leadership: Misattribution of cause in coordination games
    • Weber R, Camerer C, Rottenstreich Y, Knez M (2001) The illusion of leadership: Misattribution of cause in coordination games. Organ. Sci. 12(5):582-598.
    • (2001) Organ. Sci. , vol.12 , Issue.5 , pp. 582-598
    • Weber, R.1    Camerer, C.2    Rottenstreich, Y.3    Knez, M.4
  • 59
    • 77950538126 scopus 로고    scopus 로고
    • Pay for performance in the public sector benefits and (hidden) costs
    • Weibel A, Rost K, Osterloh M (2010) Pay for performance in the public sector benefits and (hidden) costs. J. Public Admin. Res. Theory 20(2):387-412.
    • (2010) J. Public Admin. Res. Theory , vol.20 , Issue.2 , pp. 387-412
    • Weibel, A.1    Rost, K.2    Osterloh, M.3
  • 60
    • 84986703550 scopus 로고
    • The effects of extrinsic rewards in intrinsic motivation: A meta-analysis
    • Wiersma UJ (1992) The effects of extrinsic rewards in intrinsic motivation: A meta-analysis. J. Occupational Organ. Psych. 65(2): 101-114.
    • (1992) J. Occupational Organ. Psych. , vol.65 , Issue.2 , pp. 101-114
    • Wiersma, U.J.1
  • 61
    • 61349088710 scopus 로고    scopus 로고
    • The ombudsman: Verification of citations: Fawlty towers of knowledge?
    • Wright M, Armstrong JS (2008) The ombudsman: Verification of citations: Fawlty towers of knowledge? Interfaces 38(2):125-139.
    • (2008) Interfaces , vol.38 , Issue.2 , pp. 125-139
    • Wright, M.1    Armstrong, J.S.2
  • 62
    • 0040238831 scopus 로고    scopus 로고
    • Good timing: Ceo stock option awards and company news announcements
    • Yermack D (1997) Good timing: CEO stock option awards and company news announcements. J. Finance 52(2):449-476.
    • (1997) J. Finance , vol.52 , Issue.2 , pp. 449-476
    • Yermack, D.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.