Title

Executive Compensation In Socially Responsible Firms

Keywords

Corporate social responsibility; Executive remuneration; Stakeholders

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. © 2006 Blackwell Publishing Ltd.

Publication Date

1-1-2006

Publication Title

Corporate Governance: An International Review

Volume

14

Issue

5

Number of Pages

446-455

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1111/j.1467-8683.2006.00517.x

Socpus ID

33748803880 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/33748803880

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