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

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