Compensation, 10th Edition, by Milkovich, Newman and Gerhart is the market-leading text in this course area. It offers instructors current research material, in depth discussion of topics, integration of Internet coverage, excellent pedagogy, and a truly engaging writing style. The authors consult with leading businesses, have won teaching awards, and publish in the leading journals. This text …
This is the market-leading text in this course area. It offers instructors current research material, indepth discussion of topics, integration of Internet coverage, a modern design, excellent pedagogy and a truly engaging writting style. The authors are viewed as leading authorities in the field of human resource management/compensation. They consult with leading businesses, have won teaching …
As the market-leading text in its course area, COMPENSATION, 9th Edition by Milkovich and Newman offers current research material, in-depth discussion of topics, integration of Internet coverage, excellent pedagogy, and a truly engaging writing style. The 9th edition continues to examine the strategic choices in managing total compensation. The total compensation model introduced in chapter one…
Hasil penelitian terdahulu mengenai pengaruh karakteristik CEO seperti pendidikan, usia, dan masa jabatan terhadap kinerja keuangan di perusahaan memiliki penemuan yang bervariasi. Untuk menambah wawasan terkait hubungan ini lebih lanjut, peneliti melakukan penelitian untuk mengetahui peran karakteristik CEO dan kompensasi CEO secara bersamaan terhadap kinerja keuangan perusahaan yang diproksik…
Penelitian ini bertujuan untuk menguji pengaruh transformational leadership, compensation and benefit, dan job stress terhadap employee retention yang dimediasi oleh job embeddedness pada konteks industri perhotelan dan keramahtamahan di Jakarta, Indonesia. Penelitian dilakukan pada karyawan hotel Gamma dan Betaomega Jakarta dengan jumlah responden yang didapatkan adalah sebanyak 157. Data pene…
Tujuan penelitian ini adalah menguji pengaruh efektivitas pengendalian internal terhadap penggunaan laba sebagai basis pembayaran kompensasi eksekutif. Kompensasi yang digunakan dalam penelitian ini adalah jumlah remunerasi gabungan antara direksi dan dewan komisaris. Efektivitas pengendalian internal dihitung dengan skoring 5 komponen pengendalian internal berdasarkan illustrative tools COSO (…
We analyze the effects of regulatory interference in compensation contracts, focusing on recent mandatory deferral and clawback requirements restricting incentive compensation of material risk-takers in the financial sector. Moderate deferral requirements have a robustly positive effect on risk-management effort only if the bank manager's outside option is sufficiently high; otherwise, their ef…
We consider multiagent multifirm contracting when agents benchmark their wages to those of their peers, using weights that vary within and across firms. When a single principal commits to a public contract, optimal contracts hedge relative wage risk without sacrificing efficiency. But compensation benchmarking undoes performance benchmarking, causing wages to load positively on peer output, and…
Penelitian ini secara garis besar dilakukan untuk mengetahui pengaruh perceived compensation system dan communication satisfaction terhadap turnover intentions dan job performance dari tenaga pendidik (guru) non-ASN tingkat sekolah menengah swasta di Jakarta. Metode yang digunakan dalam penelitian adalah pendekatan Structural Equation Modelling (SEM), dengan jumlah responden yang dikumpulkan se…
Turnover karyawan yang terus meningkat menjadi perhatian khusus bagi perusahaan. Hal ini karena turnover karyawan yang tinggi dapat menyebabkan kerugian bagi perusahaan baik kerugian secara material maupun non-material. Turnover intention merupakan tahapan yang dilalui karyawan sebelum benar-benar memutuskan untuk meninggalkan perusahaan. Untuk mengurangi turnover intention karyawan, maka perus…
You can’t read a news article or blog today without someone talking about compensation (wages/salaries, but also benefits like health care and retirement). Compensation is uniquely important in organizations because it typically represents the single largest operating cost, especially where employee skills or human capital are the source of competitive advantage (e.g., Google/Alphabet, Facebo…
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We extend Healy (1985) by examining the relation between discretionary accruals and bonus plan bounds for a sample of 102 firms for the 1980?1990 period. Contrary to Healy, we find that when earnings before discretionary accruals fall below the lower bound, managers select income-increasing discretionary accruals (and vice versa). We believe that our results are more consistent with the income …
It is found that measures of board and ownership structure explain a significant amount of cross-sectional variation in CEO compensation, after controlling for standard economic determinants of pay. Moreover, the signs of the coefficients on the board and ownership variables suggest that CEOs earn greater compensation when governance structures are less effective. It is also found that the pred…
An analysis was conducted of performance pay and top-management incentives for over 2,000 chief executive officers (CEO) in 3 samples spanning 50 years. Estimates of the pay-performance relation, including pay, options, stockholdings, and dismissal, for CEOs indicate that CEO wealth changes $3.25 for every $1,000 change in shareholder wealth. While the incentives generated by stock ownership ar…
This paper summarizes the empirical and theoretical research on executive compensation and provides a comprehensive and up-to-date description of pay practices (and trends in pay practices) for chief executive officers (CEOs). Topics discussed include the level and structure of CEO pay (including detailed analyses of annual bonus plans, executive stock options, and option valuation), internatio…
Quota-based bonuses and commissions are the two most common incentive compensation plan..Printed Journal
This study examines how firms use benchmarking information about peers to determine the compensation that they offer to chief executive officers (CEOs). It jointly addresses two distinct perspectives: pay equity and managerial power. Pay inequity provides strong motivation for CEOs to restore equity, by promoting the logic of external fairness and urging boards of directors to implement peer be…