THE GOVERNANCE OF CEO INCENTIVES IN ENGLISH NHS HOSPITAL TRUSTS

被引：15
作者：
Ballantine, Joan [1 ]
Forker, John [2 ]
Greenwood, Margaret [2 ]
机构：
[1] Univ Ulster, Ulster Business Sch, Belfast, Antrim, North Ireland
[2] Univ Bath, Sch Management, Bath BA2 7AY, Avon, England
来源：
FINANCIAL ACCOUNTABILITY & MANAGEMENT | 2008年 / 24卷 / 04期
关键词：
D O I：
10.1111/j.1468-0408.2008.00459.x
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Institutional arrangements for the governance of CEO pay and turnover in English NHS Hospital Trusts replicate best practice for listed companies but with the additional feature of centrally imposed performance measurement. In this paper we investigate the impact of this unique combination of incentives on the relationship between CEO pay/turnover and Trust financial and operating performance in the period 1998–2005. We identify a strong association between poor Trust performance and CEO turnover but find little evidence that remuneration committees relate pay to performance in the best performing Trusts. Our findings raise questions about the economic rationale for remuneration committees in the governance of NHS Hospital Trusts. © 2008 The Authors Journal compilation © 2008 Blackwell Publishing Ltd
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收藏
页码：385 / 410
页数：26
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