Executive Compensation: Empirical Essays on the Antecedents and the Consequences, and the Role of Executive Personality
Executive Compensation: Empirical Essays on the Antecedents and the Consequences, and the Role of Executive Personality

Author: Steffen Florian Burkert

Publisher: BoD – Books on Demand

Published: 2023-03-10

Total Pages: 233

ISBN-13: 3947095104

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Top managers have a significant impact on organizations because they are responsible for the formulation and implementation of corporate strategies, have the visibility and influence to shape the opinions of internal and external stakeholders, and coin the culture of their organizations, affecting employees at every level of the organization. Research has focused on the drivers and consequences of top managers' actions, with a particular focus on executive compensation, but important questions remain unanswered. This dissertation contributes to the literature on top executives by examining the antecedents of executive compensation, the influence of executive compensation on executive behavior, and the interplay of executive compensation and top executive personality. The first study introduces the role of compensation benchmarking for determining executive compensation to the management literature. It finds that benchmarking leads to compensation convergence. The second study examines the impact of executive compensation complexity on firm performance. The results show that compensation complexity is negatively related to accounting-based, market-based, and ESG-based metric of firm performance. The third study explores the implications of relative performance evaluation (RPE) on the imitation behavior of firms. It finds that the introduction of RPE is positively related to the imitation of the strategic actions of peer firms. The fourth study contributes to the growing literature on the impact of corporate social performance (CSP) goals in CEO contracts. Specifically, it examines how and when CSP incentives influence the CEO's attention to corporate social responsibility topics. The final essay examines the role of CEO personality; it finds that differences in CEO personality explain differences in the level of strategic conformity. Taken together, the essays in this dissertation make a significant contribution to the scholarly discourse on the influence of top managers on their companies. The empirical evidence presented expands the current understanding of how top executives affect strategic firm behaviors, and it provides insights for policymakers, managers, and investors.

Complex Compensation: Empirical Essays on the Impact of Compensation Design on Firm Performance, Turnover, and Organizational Justice
Complex Compensation: Empirical Essays on the Impact of Compensation Design on Firm Performance, Turnover, and Organizational Justice

Author: Tobias Oberpaul

Publisher: BoD – Books on Demand

Published: 2024-01-19

Total Pages: 202

ISBN-13: 3947095112

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Compensation contracts have become ever more complex and individualized, particularly in the executive compensation domain, where increasingly diverse stakeholder demands and governance requirements have led to the inclusion of more and increasingly interrelated components into compensation contracts. Even the compensation of lower-level employees has become complex as firms individualize employee compensation and use many different rewards simultaneously. Research has examined elements of compensation in isolation but has attempted to avoid the complexities of compensation. This dissertation examines the consequences of compensation complexity and compensation design dispersion and contributes to a better understanding of compensation and its consequences for firms and employees. The first study examines how the complexity of executive compensation contracts affects firm performance. It finds that CEO compensation complexity negatively affects accounting, market, and ESG (i.e., environmental, social, and governance) metrics of firm performance and explores mechanisms that help explain the relationships. The second study examines the effect of compensation design dispersion within top management teams and its impact on executive turnover. The results show that compensation design dispersion affects executive turnover, both directly and in interaction with relative pay level. The third study addresses the role of compensation design dispersion in the development of procedural justice perceptions. Using two experiments, this study shows that compensation design dispersion causes lower procedural justice perceptions, which appears to be less problematic for participants with relatively easier to understand contracts. In summary, this dissertation provides a nuanced overview of complex compensation design and compensation design dispersion. The findings contribute to a better understanding of the effectiveness of compensation as an incentive and sorting tool for organizations, and of the implications of compensation design for the functioning of teams.

The Many Selves in Social Structures - Applications to Corporate Strategy, Work-Life Dynamics, and Cross-Class Interactions
The Many Selves in Social Structures - Applications to Corporate Strategy, Work-Life Dynamics, and Cross-Class Interactions

Author: Alejandro Hermida Carrillo

Publisher: BoD – Books on Demand

Published: 2024-08-23

Total Pages: 170

ISBN-13: 3947095139

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How do identities shape and react to the socio-economic landscape? I draw from paradigms in cultural anthropology, organizational behavior, and sociology to dissect how distinct elements of individual identity inform and transform social interactions within corporate, work-life, and social class structures. In my first study, I provide evidence for the role of similarity and dissimilarity in visual (e.g., age, gender) and psychological (i.e., personality) attributes among CEOs on strategic imitation following underperformance. In the second project, I examine how romantic couples' joint preferences for integration or segmentation of their work and home spheres influence their domestic harmony, zooming into the context of remote work. In the final project, I explore how social class disparities among conversation partners influence the amount and type of information about the self, conveyed during the interaction. I address my projects by combining analytical strategies designed for the study of similarities and differences - e.g., spline regression and response surface analysis - with techniques aimed to capture the complexity of individual identity - e.g., surveys, archival data, and natural language processing. My research bridges theoretical and methodological paradigms in the social sciences, underscoring the multiplicity of the self as a critical nexus for interdisciplinary dialogue.

Leadership for Intellectual Disability Service
Leadership for Intellectual Disability Service

Author: Elizabeth A. Curtis

Publisher: CRC Press

Published: 2019-04-11

Total Pages: 112

ISBN-13: 1351172387

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Intellectual disability (ID), once called mental retardation, is characterized by below-average intelligence or mental ability and a lack of skills necessary for day-to-day living. People with intellectual disabilities can and do learn new skills, but they learn them slowly. The proposed book argues for alternative and innovative approaches to leadership in intellectual disability service provision. It does this in the light of service scandals including Winterborne View (UK), Oswald D. Heck (USA), Aras Attracta (Ireland) and many others. The book will explore the failed leadership issues underpinning such debacles and then examine how the context for intellectual disability service provision has changed. It will then propose alternative models for service leadership that are contiguous with the changed landscape, ending with exemplary vignettes outlining situations where such innovative change is happening.

Transforming the Workforce for Children Birth Through Age 8
Transforming the Workforce for Children Birth Through Age 8

Author: National Research Council

Publisher: National Academies Press

Published: 2015-07-23

Total Pages: 587

ISBN-13: 0309324882

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Children are already learning at birth, and they develop and learn at a rapid pace in their early years. This provides a critical foundation for lifelong progress, and the adults who provide for the care and the education of young children bear a great responsibility for their health, development, and learning. Despite the fact that they share the same objective - to nurture young children and secure their future success - the various practitioners who contribute to the care and the education of children from birth through age 8 are not acknowledged as a workforce unified by the common knowledge and competencies needed to do their jobs well. Transforming the Workforce for Children Birth Through Age 8 explores the science of child development, particularly looking at implications for the professionals who work with children. This report examines the current capacities and practices of the workforce, the settings in which they work, the policies and infrastructure that set qualifications and provide professional learning, and the government agencies and other funders who support and oversee these systems. This book then makes recommendations to improve the quality of professional practice and the practice environment for care and education professionals. These detailed recommendations create a blueprint for action that builds on a unifying foundation of child development and early learning, shared knowledge and competencies for care and education professionals, and principles for effective professional learning. Young children thrive and learn best when they have secure, positive relationships with adults who are knowledgeable about how to support their development and learning and are responsive to their individual progress. Transforming the Workforce for Children Birth Through Age 8 offers guidance on system changes to improve the quality of professional practice, specific actions to improve professional learning systems and workforce development, and research to continue to build the knowledge base in ways that will directly advance and inform future actions. The recommendations of this book provide an opportunity to improve the quality of the care and the education that children receive, and ultimately improve outcomes for children.