Does firm heterogeneity lead to differences in relative executive compensation?

被引：2
作者：
Albuquerque, Ana [1 ]
机构：
[1] Boston Univ, Sch Management, Boston, MA 02215 USA
来源：
FINANCE RESEARCH LETTERS | 2010年 / 7卷 / 02期
关键词：
Cost heterogeneity; Strategic decisions; Managerial compensation; Relative performance evaluation; Firm heterogeneity; PERFORMANCE EVALUATION; COMPETITION; PRODUCTIVITY;
D O I：
10.1016/j.frl.2009.11.006
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Cost heterogeneity is an important source of performance disparity among firms. This heterogeneity conditions the strategic decisions that firms make in the product market and can lead to heterogeneity in the design of managerial compensation contracts. I investigate the effect of cost heterogeneity in a strategic product market environment where firms compete a la Cournot. The paper offers new predictions on how executive compensation contracts that account for relative performance must be adjusted for cost differences. (C) 2009 Elsevier Inc. All rights reserved.
引用
收藏
页码：80 / 85
页数：6
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