Will executive pay globalise along American lines?

被引：28
作者：
Cheffins, BR [1 ]
机构：
[1] Univ Cambridge, Fac Law, Cambridge CB3 9DZ, England
来源：
CORPORATE GOVERNANCE-AN INTERNATIONAL REVIEW | 2003年 / 11卷 / 01期
关键词：
compensation packages; corporate governance; corporation and securities law;
D O I：
10.1111/1467-8683.00298
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In the United States, the remuneration packages of top executives are characterised by a strong emphasis on pay-for-performance and by a highly lucrative "upside". There is much discussion of the possibility that executive pay practices will globalise in accordance with this pattern. This paper assesses whether such convergence is likely to occur. It does so by considering market-oriented dynamics that could constitute a "global compensation imperative". It also takes into account possible obstacles to the Americanisation of executive pay, such as legal regulation, "soft law" and "culture". The paper concludes with a brief series of normative observations.
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收藏
页码：8 / 24
页数：17
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