DocumentCode
2930542
Title
The impact of the high technology crisis on CEO compensation
Author
Cheng, Suwina ; Rayton, Bruce A.
Author_Institution
Dept. of Accountancy, Lingnan Univ., Hong Kong, China
fYear
2011
fDate
10-12 July 2011
Firstpage
131
Lastpage
136
Abstract
The paper empirically examines CEO compensation in 125 UK high technology firms in an attempt to identify and understand any changes in the pay system evident after the global technology market correction in 2000. We find evidence that link between executive pay and market returns weakened and that the fixed component of executive pay in these companies rose post-adjustment. These changes appear to compensate executives for the increased risk associated with variable pay rather than rectify any perceived problems with executive incentives pre-2000.
Keywords
economic cycles; incentive schemes; personnel; CEO compensation; executive incentives; executive pay; global technology market correction; high-technology crisis; market returns; pay system; variable pay; Companies; Industries; Monitoring; Profitability; Remuneration; Share prices; CEO compensation; Corporate governance; Financial crisis; High technology; Options;
fLanguage
English
Publisher
ieee
Conference_Titel
Business Innovation and Technology Management (APBITM), 2011 IEEE International Summer Conference of Asia Pacific
Conference_Location
Dalian
Print_ISBN
978-1-4244-9654-9
Type
conf
DOI
10.1109/APBITM.2011.5996308
Filename
5996308
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