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The Burden of celebrity: the impact of CEO certification contests on CEO pay and performance
We used the results from Financial World's widely publicized certification contest, CEO of the Year, to investigate the impact of such contests on firm performance and executive compensation. A certification contest ranks actors on performance criteria that key stakeholders accept as credible and legitimate. We found that certified CEOs received higher compensation than noncertified CEOs when performance was high but lower remuneration when performance was poor. Although certifications appear to generate positive abnormal returns when they are first announced, the longer-term impact of CEO certifications appears to be negative.Printed Journal
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| AMJ4904 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | New York: Academy of Management 2006 |
|---|---|
| Edisi | Vol. 49 No. 4 Aug 2006 |
| Subjek | Financial performance Chief executive officers Regression analysis Executive compensation Impact analysis |
| ISBN/ISSN | 14273 |
| Klasifikasi | NONE |
| Deskripsi Fisik | pp. 590-604 |
| Info Detail Spesifik | Academy of Management Journal |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |