高层管理团队激励分散与管理效率

IF 3.1 3区 管理学 Q2 BUSINESS, FINANCE Australian Accounting Review Pub Date : 2024-03-01 DOI:10.1111/auar.12418
Hongkang Xu, Rachana Kalelkar, Long Liu
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引用次数: 0

摘要

本研究探讨了高层管理团队(TMT)成员之间薪酬绩效敏感度(PPS)的分散与管理效率之间的关系。以往的研究侧重于将管理效率视为管理者的先天特征,而本研究则探讨管理者的激励离散度如何影响管理效率。利用 1993 年至 2019 年的美国公司样本,我们发现 TMT 激励离散度与管理效率之间存在负相关关系,这表明较高的激励离散度可能会降低 TMT 成员之间的协调与合作,从而影响管理效率。我们采用了一系列稳健性检验,结果一致且稳健。总之,本研究为高管薪酬方面的文献做出了贡献,就高管之间的激励分散对管理效率的影响提供了新的见解。
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Top Management Team Incentive Dispersion and Managerial Efficiency

This study examines the association between dispersion in pay-performance sensitivities (PPS) among top management team (TMT) members and managerial efficiency. While prior research has focused on managerial efficiency as an innate characteristic of managers, this study explores how managerial incentive dispersion shapes managerial efficiency. Using a sample of US firms from 1993 to 2019, we find a negative relationship between TMT incentive dispersion and managerial efficiency, suggesting that higher levels of incentive dispersion can potentially affect managerial efficiency by reducing coordination and cooperation among TMT members. We employ a range of robustness tests and find consistent and robust results. Overall, this study contributes to the literature on executive compensation by providing novel insights into the implications of incentive dispersion among executives for managerial efficiency.

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来源期刊
Australian Accounting Review
Australian Accounting Review BUSINESS, FINANCE-
CiteScore
6.30
自引率
17.60%
发文量
31
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