Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/286458 
Erscheinungsjahr: 
2022
Quellenangabe: 
[Journal:] Schmalenbach Journal of Business Research (SBUR) [ISSN:] 2366-6153 [Volume:] 74 [Issue:] 2 [Year:] 2022 [Pages:] 163-200
Verlag: 
Springer, Heidelberg
Zusammenfassung: 
As financial performance measures are not the sole determinant of chief executive officer (CEO) compensation, researchers have investigated social relationships between the CEO and the supervisory board's (SB's) members to identify other determinants. However, different conclusions have been obtained so far. We argue that disregarding group dynamics in the board's social categorization, which arise because of social relationships between board members, can help explain the mixed evidence. Our results suggest that group dynamics within the SB impact the level of CEO compensation. Surprisingly, more robust social ties between the CEO and SB members can lead to lower CEO compensation. In addition, the effects of social relationships depend on the specific type of social relationships.
Schlagwörter: 
Executive Compensation
Social Relationships
Supervisory Board Independence
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