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