The Impact of CEO Long-term Equity-based Compensation Incentives on Economic Growth in Collectivist versus Individualist Countries

被引：2

作者：

Campbell, Cynthia J. ^{[1
]}

Chang, Rosita P. ^{[2
]}

DeJong, Jack C., Jr. ^{[3
]}

Doktor, Robert ^{[4
]}

Oxelheim, Lars ^{[5
,6
,7
]}

Randoy, Trond ^{[5
]}

机构：

[1] Iowa State Univ, Gerdin Business Bldg 2167 Union Dr, Ames, IA 50011 USA

[2] Univ Hawaii Manoa, 2404 Maile Way, Honolulu, HI 96822 USA

[3] Nova SE Univ, 3301 Coll Ave, Ft Lauderdale, FL 33314 USA

[4] Univ Hawaii Manoa, 2500 Campus Rd, Honolulu, HI 96822 USA

[5] Univ Agder, Sch Business & Law, Servicebox 422, N-4604 Kristiansand, Norway

[6] Res Inst Ind Econ IFN, POB 55665, SE-10215 Stockholm, Sweden

[7] Lund Univ, Knut Wicksell Ctr Financial Studies, POB 7080, S-22007 Lund, Sweden

来源：

ASIAN ECONOMIC PAPERS | 2016年 / 15卷 / 02期

关键词：

EXECUTIVE-COMPENSATION; CORPORATE GOVERNANCE; PERFORMANCE; FIRM; HUBRIS; RISK; VIEW; PAY;

D O I：

10.1162/ASEP_a_00432

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study examines the impact of the prevalence of long-term equity-based chief executive officer (CEO) compensation incentives on GDP growth, and we address the moderating role of individualist versus collectivist cultures on this relationship. We argue that long-term incentives given to CEOs in some firms may convey to other CEOs that they too may be able to receive such incentives and rewards if they emulate the incentivized and rewarded CEOs. In a longitudinal study across 22 nations over a 5-year period, we find that the higher proportion of CEOs in a country are awarded long-term equity-based incentive compensation, the greater future real GDP growth, particularly in collectivist countries.

引用

页码：109 / 133

页数：25

共 50 条

[21] Long-Term Economic Growth Effect of Military Spending: an Analysis Based on Endogenous Growth Model
Chaoqing Yuan
Hongxue Chen
Xiuqin Wang
Shichun Wang
Journal of the Knowledge Economy, 2023, 14 : 4413 - 4425
[22] Impact of Social Vulnerability on Long-Term Growth Outcomes in Sutureless Versus Sutured Repair of Gastroschisis
Barry, Mark
Gozali, Aileen
Vu, Lan
EUROPEAN JOURNAL OF PEDIATRIC SURGERY, 2023, 33 (06) : 477 - 484
[23] LONG-TERM HEALTH, ECONOMIC, AND SOCIAL IMPACT OF INJURY IN FOUR LOW- AND MIDDLE-INCOME COUNTRIES
Bachani, Abdulgafoor M.
Zhang, Xiaoge Julia
Hung, Yuen Wai
Risko, Casey
Olumasegun, Rantimi
Cuong Pham
La Ngoc Quang
Yusoff, Muhammad Fadhli
Coelho, Sohie
Aketch, Stephanie
Stevens, Kent A.
Hyder, Adnan A.
INJURY PREVENTION, 2016, 22 : A43 - A44
[24] Study on the long-term impact of economic globalization and population aging on CO2 emissions in OECD countries
Yang, Xiyue
Li, Nan
Mu, Hailin
Pang, Jingru
Zhao, Heran
Ahmad, Mahmood
SCIENCE OF THE TOTAL ENVIRONMENT, 2021, 787
[25] Is health capital formation good for long-term economic growth? - Panel Granger-causality evidence for OECD countries
Hartwig, Jochen
JOURNAL OF MACROECONOMICS, 2010, 32 (01) : 314 - 325
[26] Long-Term Labor Force Projections in Romania: An Analysis Based on Data on the Economic Impact of Population Aging
Cretulescu, Andreea
PROCEEDINGS OF THE INTERNATIONAL CONFERENCE ON BUSINESS EXCELLENCE, 2024, 18 (01): : 533 - 543
[27] China's Demographic Destiny and Its Economic ImplicationsPopulation Changes will Impact China's Long-term Economic Growth and Global Competitiveness
Cliff Waldman
Business Economics, 2005, 40 (4) : 32 - 45
[28] Long-Term US Economic Growth and the Carbon Dioxide Emissions Nexus: A Wavelet-Based Approach
Torun, Erdost
Akdeniz, Afife Duygu Ayhan
Demireli, Erhan
Grima, Simon
SUSTAINABILITY, 2022, 14 (17)
[29] Health economic evaluation of long-term treatment with insulin aspart versus human insulin for type 1 diabetes in nine European countries
Foos, V
Valentine, WJ
Palmer, AJ
Lammert, M
Roze, S
DIABETOLOGIA, 2005, 48 : A336 - A336
[30] Estimating the Impact of Skill-Differentiated Migration on Long-Term Economic Growth in a Global CGE-OLG Model
Nesterova, Kristina, V
EKONOMICHESKAYA POLITIKA, 2021, 16 (05): : 8 - 39

← 1 2 3 4 5 →