The impact of the high technology crisis on CEO compensation

Suwina CHENG; Bruce A. RAYTON

doi:10.1109/APBITM.2011.5996308

The impact of the high technology crisis on CEO compensation

Suwina CHENG, Bruce A. RAYTON

Department of Accountancy

Research output: Book Chapters | Papers in Conference Proceedings › Conference paper (refereed) › peer-review

Abstract

The paper empirically examines CEO compensation in 125 UK high technology firms in an attempt to identify and understand any changes in the pay system evident after the global technology market correction in 2000. We find evidence that link between executive pay and market returns weakened and that the fixed component of executive pay in these companies rose post-adjustment. These changes appear to compensate executives for the increased risk associated with variable pay rather than rectify any perceived problems with executive incentives pre-2000.

Original language	English
Title of host publication	APBITM 2011 - Proceedings2011 IEEE International Summer Conference of Asia Pacific Business Innovation and Technology Management
Pages	131-136
Number of pages	6
DOIs	https://doi.org/10.1109/APBITM.2011.5996308
Publication status	Published - 1 Jan 2011

Keywords

CEO compensation
Corporate governance
Financial crisis
High technology
Options

Access to Document

10.1109/APBITM.2011.5996308

Fingerprint Dive into the research topics of 'The impact of the high technology crisis on CEO compensation'. Together they form a unique fingerprint.

Cite this

@inproceedings{0fd26d4674c34c08b0e0e26a100e6180,

title = "The impact of the high technology crisis on CEO compensation",

abstract = "The paper empirically examines CEO compensation in 125 UK high technology firms in an attempt to identify and understand any changes in the pay system evident after the global technology market correction in 2000. We find evidence that link between executive pay and market returns weakened and that the fixed component of executive pay in these companies rose post-adjustment. These changes appear to compensate executives for the increased risk associated with variable pay rather than rectify any perceived problems with executive incentives pre-2000.",

keywords = "CEO compensation, Corporate governance, Financial crisis, High technology, Options",

author = "Suwina CHENG and RAYTON, {Bruce A.}",

year = "2011",

month = jan,

day = "1",

doi = "10.1109/APBITM.2011.5996308",

language = "English",

pages = "131--136",

booktitle = "APBITM 2011 - Proceedings2011 IEEE International Summer Conference of Asia Pacific Business Innovation and Technology Management",

}

TY - GEN

T1 - The impact of the high technology crisis on CEO compensation

AU - CHENG, Suwina

AU - RAYTON, Bruce A.

PY - 2011/1/1

Y1 - 2011/1/1

N2 - The paper empirically examines CEO compensation in 125 UK high technology firms in an attempt to identify and understand any changes in the pay system evident after the global technology market correction in 2000. We find evidence that link between executive pay and market returns weakened and that the fixed component of executive pay in these companies rose post-adjustment. These changes appear to compensate executives for the increased risk associated with variable pay rather than rectify any perceived problems with executive incentives pre-2000.

AB - The paper empirically examines CEO compensation in 125 UK high technology firms in an attempt to identify and understand any changes in the pay system evident after the global technology market correction in 2000. We find evidence that link between executive pay and market returns weakened and that the fixed component of executive pay in these companies rose post-adjustment. These changes appear to compensate executives for the increased risk associated with variable pay rather than rectify any perceived problems with executive incentives pre-2000.

KW - CEO compensation

KW - Corporate governance

KW - Financial crisis

KW - High technology

KW - Options

UR - http://commons.ln.edu.hk/sw_master/6634

U2 - 10.1109/APBITM.2011.5996308

DO - 10.1109/APBITM.2011.5996308

M3 - Conference paper (refereed)

SP - 131

EP - 136

BT - APBITM 2011 - Proceedings2011 IEEE International Summer Conference of Asia Pacific Business Innovation and Technology Management

ER -

The impact of the high technology crisis on CEO compensation

Abstract

Keywords

Access to Document

Other files and links

Cite this