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Paid to Perform: An Examination of the Relationship Between CEO Compensation and Firm Performance in Nordic Companies

Paid to Perform: An Examination of the Relationship Between CEO Compensation and Firm Performance in Nordic Companies

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  • ISBN-13: 9783838388960
  • Publisher: LAP LAMBERT Academic Publishing
  • Release Date: Jul 26, 2010
  • Pages: 72 pages
  • Dimensions: 0.17 x 8.66 x 5.91 inches

Overview

The aim of this work is to study the relationships between CEO compensation and organizational performance to achieve a better theoretical understanding of this phenomenon and to examine these relationships in publically traded Nordic companies. Theory on CEO compensation and firm performance was studied to develop a CEO Compensation-Performance Model, from which testable hypotheses were derived, focusing on the link between performance and compensation and the links between fixed compensation and short-term performance and contingent compensation and long- term performance. These hypotheses were then tested to examine the validity of the CEO Compensation- Performance Model. No significant relationships were found. There is a lack of a significant relationship between CEO compensation and firm performance in publically traded Nordic firms. This implies that the CEO Compensation-Performance Model does not hold true in the Nordic context.

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