MICROLEVEL OPPORTUNITY STRUCTURES AS DETERMINANTS OF NON-CEO EXECUTIVE PAY.
研究了非CEO高管的薪酬如何受微观机会结构影响，包括职能职位、CEO背景、人力资本和公司战略资源配置决策，发现薪酬与职位可见性、与CEO相似的职能背景以及帮助管理战略资源配置的职位正相关。
We develop a theory wherein the pay of non-CEO executives can be explained by micro-level opportunity structures--the intersection of functional position, CEO background, human capital, and firm strategic resource allocation decisions. Our theory suggests a positive association between pay and a position made visible by resource allocation decisions, a functional background similar to that of the CEO, and a position that helps the firm manage strategic resource allocations. A unique longitudinal data set that combines survey and archival data on the four highest echelons of senior executives in large U.S. firms provided support for this multilevel framework.