Complex Compensation: Empirical Essays on the Impact of Compensation Design on Firm Performance, Turnover, and Organizational Justice

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Publisher : BoD – Books on Demand
ISBN 13 : 3947095112
Total Pages : 202 pages
Book Rating : 4.9/5 (47 download)

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Book Synopsis Complex Compensation: Empirical Essays on the Impact of Compensation Design on Firm Performance, Turnover, and Organizational Justice by : Tobias Oberpaul

Download or read book Complex Compensation: Empirical Essays on the Impact of Compensation Design on Firm Performance, Turnover, and Organizational Justice written by Tobias Oberpaul and published by BoD – Books on Demand. This book was released on 2024-01-19 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compensation contracts have become ever more complex and individualized, particularly in the executive compensation domain, where increasingly diverse stakeholder demands and governance requirements have led to the inclusion of more and increasingly interrelated components into compensation contracts. Even the compensation of lower-level employees has become complex as firms individualize employee compensation and use many different rewards simultaneously. Research has examined elements of compensation in isolation but has attempted to avoid the complexities of compensation. This dissertation examines the consequences of compensation complexity and compensation design dispersion and contributes to a better understanding of compensation and its consequences for firms and employees. The first study examines how the complexity of executive compensation contracts affects firm performance. It finds that CEO compensation complexity negatively affects accounting, market, and ESG (i.e., environmental, social, and governance) metrics of firm performance and explores mechanisms that help explain the relationships. The second study examines the effect of compensation design dispersion within top management teams and its impact on executive turnover. The results show that compensation design dispersion affects executive turnover, both directly and in interaction with relative pay level. The third study addresses the role of compensation design dispersion in the development of procedural justice perceptions. Using two experiments, this study shows that compensation design dispersion causes lower procedural justice perceptions, which appears to be less problematic for participants with relatively easier to understand contracts. In summary, this dissertation provides a nuanced overview of complex compensation design and compensation design dispersion. The findings contribute to a better understanding of the effectiveness of compensation as an incentive and sorting tool for organizations, and of the implications of compensation design for the functioning of teams.

The Many Selves in Social Structures - Applications to Corporate Strategy, Work-Life Dynamics, and Cross-Class Interactions

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Publisher : BoD – Books on Demand
ISBN 13 : 3947095139
Total Pages : 170 pages
Book Rating : 4.9/5 (47 download)

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Book Synopsis The Many Selves in Social Structures - Applications to Corporate Strategy, Work-Life Dynamics, and Cross-Class Interactions by : Alejandro Hermida Carrillo

Download or read book The Many Selves in Social Structures - Applications to Corporate Strategy, Work-Life Dynamics, and Cross-Class Interactions written by Alejandro Hermida Carrillo and published by BoD – Books on Demand. This book was released on 2024-08-23 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do identities shape and react to the socio-economic landscape? I draw from paradigms in cultural anthropology, organizational behavior, and sociology to dissect how distinct elements of individual identity inform and transform social interactions within corporate, work-life, and social class structures. In my first study, I provide evidence for the role of similarity and dissimilarity in visual (e.g., age, gender) and psychological (i.e., personality) attributes among CEOs on strategic imitation following underperformance. In the second project, I examine how romantic couples' joint preferences for integration or segmentation of their work and home spheres influence their domestic harmony, zooming into the context of remote work. In the final project, I explore how social class disparities among conversation partners influence the amount and type of information about the self, conveyed during the interaction. I address my projects by combining analytical strategies designed for the study of similarities and differences - e.g., spline regression and response surface analysis - with techniques aimed to capture the complexity of individual identity - e.g., surveys, archival data, and natural language processing. My research bridges theoretical and methodological paradigms in the social sciences, underscoring the multiplicity of the self as a critical nexus for interdisciplinary dialogue.

Inducements in Organizations

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Publisher : BoD – Books on Demand
ISBN 13 : 3947095090
Total Pages : 234 pages
Book Rating : 4.9/5 (47 download)

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Book Synopsis Inducements in Organizations by : Nicolas Tichy

Download or read book Inducements in Organizations written by Nicolas Tichy and published by BoD – Books on Demand. This book was released on 2023-03-14 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Executive compensation has inspired controversial debate in both academia and the general public, and many voices criticize that executive compensation designs fail to deliver desired outcomes. Although much research has been devoted to understanding the antecedents and consequences of executive compensation design, important questions remain unanswered. This dissertation contributes to the field by exploring a previously neglected aspect: executive compensation complexity. Given the absence of an established measure of executive compensation complexity, there is an incomplete understanding of how complexity enters executive compensation contracts and what the consequences are for managers and corporations. The essays of this dissertation aim to narrow this gap. The first study presents a novel measure of executive compensation complexity, which is validated and utilized to examine the antecedents of executive compensation complexity. The second study explores the consequences of executive compensation complexity and finds that complexity impairs firm performance, regardless of the performance metric chosen (accounting-based, market-based, or ESG-based performance metrics). The third study explores the link between compensation design dispersion and executive turnover and reveals that executives with riskier compensation packages and fewer performance goals are more likely to move. The fourth study provides experimental evidence on the effect of CSR Fit dimensions and organizational reputation. Taken together, the essays of this dissertation make a significant and valuable contribution to the scholarly discourse on executive compensation. By shedding light on the complex nature of executive compensation and its implications for managers and corporations, this dissertation advances the current understanding of executive compensation and provides insights for policymakers, managers, and investors.

Executive Compensation: Empirical Essays on the Antecedents and the Consequences, and the Role of Executive Personality

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Publisher : BoD – Books on Demand
ISBN 13 : 3947095104
Total Pages : 233 pages
Book Rating : 4.9/5 (47 download)

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Book Synopsis Executive Compensation: Empirical Essays on the Antecedents and the Consequences, and the Role of Executive Personality by : Steffen Florian Burkert

Download or read book Executive Compensation: Empirical Essays on the Antecedents and the Consequences, and the Role of Executive Personality written by Steffen Florian Burkert and published by BoD – Books on Demand. This book was released on 2023-03-10 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: Top managers have a significant impact on organizations because they are responsible for the formulation and implementation of corporate strategies, have the visibility and influence to shape the opinions of internal and external stakeholders, and coin the culture of their organizations, affecting employees at every level of the organization. Research has focused on the drivers and consequences of top managers' actions, with a particular focus on executive compensation, but important questions remain unanswered. This dissertation contributes to the literature on top executives by examining the antecedents of executive compensation, the influence of executive compensation on executive behavior, and the interplay of executive compensation and top executive personality. The first study introduces the role of compensation benchmarking for determining executive compensation to the management literature. It finds that benchmarking leads to compensation convergence. The second study examines the impact of executive compensation complexity on firm performance. The results show that compensation complexity is negatively related to accounting-based, market-based, and ESG-based metric of firm performance. The third study explores the implications of relative performance evaluation (RPE) on the imitation behavior of firms. It finds that the introduction of RPE is positively related to the imitation of the strategic actions of peer firms. The fourth study contributes to the growing literature on the impact of corporate social performance (CSP) goals in CEO contracts. Specifically, it examines how and when CSP incentives influence the CEO's attention to corporate social responsibility topics. The final essay examines the role of CEO personality; it finds that differences in CEO personality explain differences in the level of strategic conformity. Taken together, the essays in this dissertation make a significant contribution to the scholarly discourse on the influence of top managers on their companies. The empirical evidence presented expands the current understanding of how top executives affect strategic firm behaviors, and it provides insights for policymakers, managers, and investors.

Compensation, Organizational Strategy, and Firm Performance

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Author :
Publisher : Thomson South-Western
ISBN 13 :
Total Pages : 444 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Compensation, Organizational Strategy, and Firm Performance by : Luis R. Gomez-Mejia

Download or read book Compensation, Organizational Strategy, and Firm Performance written by Luis R. Gomez-Mejia and published by Thomson South-Western. This book was released on 1992 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Compensation and Organizational Performance

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Publisher : Routledge
ISBN 13 : 1317473965
Total Pages : 405 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis Compensation and Organizational Performance by : Luis R. Gomez-Mejia

Download or read book Compensation and Organizational Performance written by Luis R. Gomez-Mejia and published by Routledge. This book was released on 2014-12-18 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: This up-to-date, research-oriented textbook focuses on the relationship between compensation systems and firm overall performance. In contrast to more traditional compensation texts, it provides a strategic perspective to compensation administration rather than a functional viewpoint. The text emphasizes the role of managerial pay, its importance, determinants, and impact on organizations. It analyzes recent topics in executive compensation, such as pay in high technology firms, managerial risk taking, rewards in family companies, and the link between compensation and social responsibility and ethical issues, among others. The authors provide a thorough and comprehensive review of the vast literatures relevant to compensation and revisit debates grounded in different theoretical perspectives. They provide insights from disciplines as diverse as management, economics, sociology, and psychology, and amplify previous discussions with the latest empirical findings on compensation, its dynamics, and its contribution to firm overall performance.

Reception Honoring the Right Reverend Monsignor Edward S. Manikowsi, Pastor of St. Mary's Church of the Maternity, Wilkes-Barre, Pa., on the Occasion of His Elevation to the Rank of Prelate of Honor, Held at Parish Auditorium, Wilkes-Barre, Pa., Sunday, September 15, 1968

Download Reception Honoring the Right Reverend Monsignor Edward S. Manikowsi, Pastor of St. Mary's Church of the Maternity, Wilkes-Barre, Pa., on the Occasion of His Elevation to the Rank of Prelate of Honor, Held at Parish Auditorium, Wilkes-Barre, Pa., Sunday, September 15, 1968 PDF Online Free

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Publisher :
ISBN 13 :
Total Pages : 10 pages
Book Rating : 4.:/5 (146 download)

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Book Synopsis Reception Honoring the Right Reverend Monsignor Edward S. Manikowsi, Pastor of St. Mary's Church of the Maternity, Wilkes-Barre, Pa., on the Occasion of His Elevation to the Rank of Prelate of Honor, Held at Parish Auditorium, Wilkes-Barre, Pa., Sunday, September 15, 1968 by :

Download or read book Reception Honoring the Right Reverend Monsignor Edward S. Manikowsi, Pastor of St. Mary's Church of the Maternity, Wilkes-Barre, Pa., on the Occasion of His Elevation to the Rank of Prelate of Honor, Held at Parish Auditorium, Wilkes-Barre, Pa., Sunday, September 15, 1968 written by and published by . This book was released on 1968* with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Compensation

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Publisher : SAGE Publications
ISBN 13 : 1506320848
Total Pages : 321 pages
Book Rating : 4.5/5 (63 download)

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Book Synopsis Compensation by : Barry Gerhart

Download or read book Compensation written by Barry Gerhart and published by SAGE Publications. This book was released on 2003-05-02 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The authors artfully synthesize complex scholarly articles from economics, psychology, and sociology. The organization of the book is exceptionally transparent... Compensation should be accessible to a wide range of readers who appreciate a multidisciplinary perspective on organizational issues... I cannot emphasize enough how effectively Gerhart and Rynes discuss compensation thoughout this book. As an experienced academic researcher, I have already benefited tremendously from my first reading of the book . It is a must-read, and I recommend it without reservation to instructors, researchers, and students." --Industrial and Labor Relations Review "Gerhart and Rynes provide a thorough, comprehensive review of the vast literatures relevant to compensation. Their insights regarding the integration of economic, psychological, and management perspectives are particularly enlightening. This text provides an invaluable tool for those interested in advancing our understanding of compensation practices." --Alison Barber, Eli Broad College of Business, Michigan State University Compensation: Theory, Evidence, and Strategic Implications provides a comprehensive, research-based review of both the determinants and effects of compensation. Combining theory and research from a variety of disciplines, authors Barry Gerhart and Sara L. Rynes examine the three major compensation decisions–pay level, pay structure, and pay delivery systems. Revealing the impact of different compensation policies, this interdisciplinary volume examines The relationship between performance-based pay and intrinsic motivation Implications of individual pay differentials for team or unit performance The consequences of pay for performance policies Effect sizes and practical significance of compensation findings Directions for future research Compensation: Theory, Evidence, and Strategic Implications considers why organizations pay people the way they do and how various pay strategies influence the success of organizations. Critically evaluating areas where research is inconsistent with common beliefs, Gerhart and Rynes explore the motivational effects of compensation. Primarily intended for graduate students in human resource management, psychology, and organizational behavior courses, this book is also an invaluable reference for compensation management consultants and organizational development specialists.

Executive Compensation, Management Turnover and Firm Performance

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Publisher :
ISBN 13 :
Total Pages : 47 pages
Book Rating : 4.:/5 (641 download)

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Book Synopsis Executive Compensation, Management Turnover and Firm Performance by : Anne T. Coughlan

Download or read book Executive Compensation, Management Turnover and Firm Performance written by Anne T. Coughlan and published by . This book was released on 1984 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Performance Is Everything

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Publisher : John Wiley & Sons
ISBN 13 : 1937351270
Total Pages : 224 pages
Book Rating : 4.9/5 (373 download)

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Book Synopsis Performance Is Everything by : August J. Aquila

Download or read book Performance Is Everything written by August J. Aquila and published by John Wiley & Sons. This book was released on 2017-05-15 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compensation is the largest expense that a firm incurs. And yet, few firms really manage it well. The trick is realizing it is more complex than just splitting the pie. The crucial issues of compensation and performance are inextricably linked. In this important resource, experts August Aquila and Coral Rice offer a unique perspective on how you can align your compensation and performance management plans in order to boost performance, maximize profits, and keep both your staff and clients happy. This companion to Aquila and Rice’s successful AICPA publication, Compensation as a Strategic Asset, will pick up where that guide left off, offering readers the “Why, What, and How” for compensation plans filtered through the lens of performance management. The authors convey, in the simplest and clearest terms, how firms can improve overall firm performance by engaging in the following activities: Develop a compelling vision Develop a strategy for what you want to accomplish Have the right systems in place to help achieve the strategy Align individual goals with firm and departmental goals Create an effective performance review system Monitor performance monthly and quarterly for trends Provide higher performers with more rewards than average performers Ultimately, this guide is based on what other firms are doing, and let's you know why it’s working or why it’s not. By guiding you through a process and providing you with the tools to design a partner and staff compensation plan, Performance Is Everything will help you develop the plan that works for your firm.

Managerial Compensation Based on Organizational Performance

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Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Managerial Compensation Based on Organizational Performance by : Jone L. Pearce

Download or read book Managerial Compensation Based on Organizational Performance written by Jone L. Pearce and published by . This book was released on 1984 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Compensation Committee Handbook

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Publisher : John Wiley & Sons
ISBN 13 : 1118417186
Total Pages : 752 pages
Book Rating : 4.1/5 (184 download)

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Book Synopsis The Compensation Committee Handbook by : James F. Reda

Download or read book The Compensation Committee Handbook written by James F. Reda and published by John Wiley & Sons. This book was released on 2014-03-31 with total page 752 pages. Available in PDF, EPUB and Kindle. Book excerpt: New and updated information on the laws and regulationsaffecting executive compensation Now in a thoroughly updated Fourth Edition, The CompensationCommittee Handbook provides a comprehensive review of thecomplex issues challenging compensation committees that facerevised executive compensation disclosure regulations issued by theSEC, as well as GAAP and IFRS rulings and trends. This new andupdated edition addresses a full range of functional issues facingcompensation committees, including organizing, planning, and bestpractices tips. Looks at the latest regulations impacting executivecompensation, including new regulations issued by the SEC, as wellas GAAP and IFRS rulings and trends Covers the selection and training of compensation committeemembers Explores how to make compensation committees a performancedriver for a company Guides documentation requirements and timing issues The Compensation Committee Handbook, Fourth Edition willhelp all compensation committee members and interestedprofessionals succeed in melding highly complex technicalinformation and concepts with both corporate governance principlesand sound business judgment.

Compensation in Organizations

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Publisher : Pfeiffer
ISBN 13 : 9780787952747
Total Pages : 0 pages
Book Rating : 4.9/5 (527 download)

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Book Synopsis Compensation in Organizations by : Sara L. Rynes

Download or read book Compensation in Organizations written by Sara L. Rynes and published by Pfeiffer. This book was released on 2000-04-06 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Join the latest debate on the issues surrounding employment compensation. In Compensation and Organizations, a number of leading I/O psychologists and researchers explore the tremendous impact that recent changes in market conditions have had on today's compensation practices and outcomes. They delve into the effects that compensation has on employee performance, satisfaction, and attraction and retention, and examine the roles of pay strategy, pay risk, and the changing employment contract on pay packages and pay outcomes. They also offer nine general principles for constructing effective incentive systems. It's a broad-ranging work that summarizes the most important trends and conclusions in this important field and highlights areas in need of further research.

Essays on Executive Compensation and the Firm Performance

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Publisher :
ISBN 13 :
Total Pages : 81 pages
Book Rating : 4.:/5 (757 download)

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Book Synopsis Essays on Executive Compensation and the Firm Performance by : Scott D. Tracy

Download or read book Essays on Executive Compensation and the Firm Performance written by Scott D. Tracy and published by . This book was released on 1999 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Pay for Results

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Publisher : Wiley
ISBN 13 : 0470478101
Total Pages : 256 pages
Book Rating : 4.4/5 (74 download)

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Book Synopsis Pay for Results by : Mercer, LLC

Download or read book Pay for Results written by Mercer, LLC and published by Wiley. This book was released on 2009-03-30 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The numerous incentive approaches and combinations and their implications can be dizzying even to the compensation professional. Pay for Results provides a road map for developing and implementing executive incentives that drive business needs and strategy. It is filled with specific analytic tools, including tables, exhibits, forms, checklists. In addition, it uncovers myths in performance measurement strategy and design. Timely and thorough, this book expertly shows businesses how to drive their specific needs and strategy. Human resources and compensation officers will discover how to apply performance metrics that align with shareholder investment.

Executive Compensation and Firm Performance

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Publisher :
ISBN 13 :
Total Pages : 304 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Executive Compensation and Firm Performance by : Bonnie R. Rabin

Download or read book Executive Compensation and Firm Performance written by Bonnie R. Rabin and published by . This book was released on 1987 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Compensation and Reward Perspectives

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Publisher : McGraw-Hill/Irwin
ISBN 13 :
Total Pages : 408 pages
Book Rating : 4.4/5 (91 download)

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Book Synopsis Compensation and Reward Perspectives by : Thomas Arthur Mahoney

Download or read book Compensation and Reward Perspectives written by Thomas Arthur Mahoney and published by McGraw-Hill/Irwin. This book was released on 1979 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: