Bank performance and executive compensation: a managerial discretion perspective
研究了银行绩效与高管薪酬的关系如何受管理自由裁量权程度影响，发现自由裁量权高时薪酬与绩效关联更强。
This study investigates how the relationship between bank performance and executive compensation is affected by the degree of an executive’s managerial discretion. Managerial discretion is captured by two industry-specific attributes: a bank’s strategic domain, and its regulatory environment. Executive compensation is found to be more related to bank performance in a context of high managerial discretion than in a context of low managerial discretion. © 1997 by John Wiley & Sons, Ltd.