Title :
Effect of Managerial Discretion on CEO Compensation in Industrial Firms: A Literature Review
Author :
Changzheng, Zhang ; Xiping, Zhao
Author_Institution :
Sch. of Econ. & Manage., Xi´´an Univ. of Technol., Xi´´an, China
Abstract :
It is a great trend for the academic circle to make investigation on CEO comensation from the persepctive of managerial discretion. This paper makes a review on the literature referring to the effect of managerial discretion on CEO compensation. Based on the concepts definition of managerial discretion and CEO compensation, the thorough investigation on the literature reveals that, (1) Managerial discretion has a positive effect on CEO pay level, (2) There is an unclear effect of managerial discretion on CEO pay-performance sensitivity, and (3) There is a positive effect of managerial discretion on managerial pay gap. In the end, the paper makes detailed comments on the existing literature and further provides further research expectation.
Keywords :
management science; organisational aspects; remuneration; CEO compensation; CEO pay level; CEO pay-performance sensitivity; industrial firms; managerial discretion; managerial pay gap; Computer industry; Conference management; Constraint theory; Engineering management; Human resource management; Industrial control; Industrial economics; Industrial engineering; Monitoring; Technology management; CEO compensation; literature review; manageiral discretion; managerial pay gap;
Conference_Titel :
Computing, Control and Industrial Engineering (CCIE), 2010 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-0-7695-4026-9
DOI :
10.1109/CCIE.2010.173
