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dc.contributor.authorMoriarity, Shane
dc.contributor.authorSan Diego, Jojo
dc.date.accessioned2013-05-26T23:03:56Z
dc.date.available2013-05-26T23:03:56Z
dc.date.issued2009
dc.identifier.urihttps://hdl.handle.net/10652/2145
dc.description.abstractAsian businesses in the 21st century will learn from the experience of their US counterparts in promoting better governance of executive compensation in publicly traded companies. In this paper we examine the membership of the compensation peer groups for 121 of the largest US-headquartered, publicly-traded firms. We find that the existence of self-reinforcing recursive relationships through peer groups is pervasive. We illustrate that the effects from these relationships could be very large. Finally, we measure the association between the size of a firm’s recursive effect and that firm’s average compensation for named executives. The association is large, positive, and statistically significant. Thus our findings suggest that recursive relationships arising from the widespread use of peer-group benchmarking is affecting executive compensation levels for many large US firms. These findings should alert Asian businesses to the effect that the practice of peer-group benchmarking may have on executive compensation.en_NZ
dc.language.isoenen_NZ
dc.subjectRecursive effectsen_NZ
dc.subjectexecutive compensationen_NZ
dc.subjectcompensation levelsen_NZ
dc.titleRecursive relationships in executive compensationen_NZ
dc.typeConference Contribution - Paper in Published Proceedingsen_NZ
dc.rights.holderAuthorsen_NZ
dc.subject.marsden150305 Human Resources Managementen_NZ
dc.identifier.bibliographicCitationMoriarity, S., and San Diego, J. (2009). Recursive relationships in executive compensation. Paper presented at the Managing Asian Business Corporations in the 21st Century. In A. Harun, R. Mohidin, L. Beatrice, R. Mahmud, & D. Eranza (Eds.), The 4th International Conference of the Asian Academy of Applied Business. Manila, Philippines. 17-18 December.en_NZ
unitec.institutionUnitec Institute of Technologyen_NZ
unitec.conference.titleThe 4th International Conference of the Asian Academy of Applied Businessen_NZ
unitec.peerreviewedyesen_NZ
unitec.identifier.roms54897


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