کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1002616 937441 2010 10 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Early and late adoption of American-style executive pay in Germany: Governance and institutions
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار و مدیریت بین المللی
پیش نمایش صفحه اول مقاله
Early and late adoption of American-style executive pay in Germany: Governance and institutions
چکیده انگلیسی

Employing the theoretical perspective of neo-institutional change, this paper identifies the characteristics of early and late adoption of executive stock options (ESOs) in German firms. The paper contributes to the debate over the convergence/divergence of corporate governance systems, adding to the literature on institutional change by demonstrating the reaction of intra-organizational actors to macro-level changes. The study finds that there is employee resistance to the adoption of ESOs in the early stages, and older firms, embedded in traditional practices, prefer to maintain the status quo. Prior adoption of shareholder value oriented practices helps to smooth the way for subsequent adoptions for both early and late adopters. The full convergence of corporate governance systems is still not imminent.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of World Business - Volume 45, Issue 1, January 2010, Pages 9–18
نویسندگان
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