Thinking About Stakeholders: Compensation Arrangements of Media Companies and Their Performance

摘要

Nowadays media companies are closely tying executive and director compensation to firm performance. Through regression analyses of the relation between compensation structure of media firms and their performance, however, this study finds that adopting fixed compensation for Chief Executive Officers as well as directors is associated with superior financial and organizational performance. This study thus offers support for stakeholder theory, which suggests that fixed compensation for executives and directors, essentially stakeholder oriented, can better enhance firm value.View full textDownload full textRelated var addthis_config = { ui_cobrand: "Taylor & Francis Online", services_compact: "citeulike,netvibes,twitter,technorati,delicious,linkedin,facebook,stumbleupon,digg,google,more", pubid: "ra-4dff56cd6bb1830b" }; Add to shortlist Link Permalink http://dx.doi.org/10.1080/14241270903408812