Title
Executive compensation in socially responsible firms
Abbreviated Journal Title
Corp. Gov.
Keywords
corporate social responsibility; executive remuneration; stakeholders; CORPORATE GOVERNANCE; PERFORMANCE; MANAGEMENT; PAY; ATTRACTIVENESS; INCENTIVES; Business; Business, Finance; Management
Abstract
This study examines chief executive officer (CEO) compensation and turnover in socially responsible (SR) firms. We compare characteristics of SR firms with a matched sample of firms based on industry and size. Analysis of CEO compensation indicates that the link between CEO pay and firm performance is weaker for SR firms than for non-SR firms. CEO turnover tests indicate that SR firms are more likely to experience CEO turnover following poor performance. Stock option grants to CEOs of SR firms do not appear to result in future risk-taking behaviour, whereas such grants are significantly related to future risk at non-SR firms.
Journal Title
Corporate Governance-an International Review
Volume
14
Issue/Number
5
Publication Date
1-1-2006
Document Type
Article
Language
English
First Page
446
Last Page
455
WOS Identifier
ISSN
0964-8410
Recommended Citation
"Executive compensation in socially responsible firms" (2006). Faculty Bibliography 2000s. 6144.
https://stars.library.ucf.edu/facultybib2000/6144
Comments
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