Executive compensation in North American high-technology firms: a contextual approach

Authors: Berrone, Pascual¹; Makri, Marianna²; Gomez-Mejia, Luis³

Source: International Journal of Human Resource Management, Volume 19, Number 8, August 2008 , pp. 1534-1552(19)

Publisher: Routledge, part of the Taylor & Francis Group

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Abstract:

After reviewing the literature surrounding the link between executive compensation and innovation activities of North American firms, we examine two gaps in the area. First, we analyze how contextual factors can affect CEO pay in high-technology companies. In particular, we study three contextual dimensions: political, economic, and social. Second, we consider the specific case of executive compensation in high-technology firms when family ties are present at the helm. Drawing on agency rationale and previous research, we develop a series of instrumental propositions intended to provide the theoretical basis for a future research agenda in the area.

Keywords: agency theory; executive compensation; family firms; global factors; innovation

Document Type: Research article

DOI: http://dx.doi.org/10.1080/09585190802200314

Affiliations: 1: IESE Business School, University of Navarra, Madrid, Spain 2: University of Miami, Miami, FL, USA 3: Arizona State University, Tempe, AZ, USA

Publication date: 2008-08-01

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