Reframing Execufive Compensation: An Assessment and Outlook
提出了一个三维框架,从如何支付、何时支付和支付什么三个维度梳理高管薪酬研究,指出停滞和忽视的领域,并为未来研究提供方向。
This article develops and applies a new framework for under standing and interpreting the breadth of executive compensation research and theory. This framework sorts the literature along three dimensions that reflect three basic issues in compensation design: how to pay (specifying the mechanism for linking pay criteria to pay consequences), when to pay (specifying the criteria for awarding pay), and what to pay (form of pay consequence). This framework helps to highlight areas where executive compensation research has stalled, areas it has ignored, as well as providing direction for re-energizing the field by outlining questions for future research and theory building.