Title

The impact of the high technology crisis on CEO compensation

Document Type

Conference paper

Source Publication

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

Publication Date

1-1-2011

First Page

131

Last Page

136

Keywords

CEO compensation, Corporate governance, Financial crisis, High technology, Options

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.

DOI

10.1109/APBITM.2011.5996308

ISBN

9781424496525

Publisher Statement

Copyright © 2011 IEEE. Access to external full text or publisher's version may require subscription.

Full-text Version

Publisher’s Version

Language

English

Recommended Citation

Cheng, S., & Rayton, B. A. (2011). The impact of the high technology crisis on CEO compensation. In 2011 IEEE International Summer Conference of Asia Pacific Business Innovation and Technology Management, Dalian, 2011 (pp.131-136). doi: 10.1109/APBITM.2011.5996308

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