TY  - JOUR
U1  - Wissenschaftlicher Artikel
A1  - Schmid, Stefan
A1  - Altfeld, Frederic
A1  - Dauth, Tobias
T1  - Americanization as a driver of CEO pay in Europe
BT  - the moderating role of CEO power
JF  - Journal of World Business : JWB
N2  - This paper examines the relationship between Americanization and CEO pay levels in Europe and how this relationship is moderated by CEO power. Based on neo-institutional theory, our study provides empirical support for a link between Americanization and CEO pay levels. Drawing on a sample of large listed European firms, our results suggest that various dimensions of Americanization, i.e., Americanization of the CEO, of the firm and of the industry, can be associated with higher CEO pay. Combining neo-institutional approaches with managerial power perspectives, we show that Americanization can have an even stronger effect on pay when the CEO is powerful.
Y1  - 2018
SN  - 1090-9516
SS  - 1090-9516
U6  - https://doi.org/10.1016/j.jwb.2017.12.002
DO  - https://doi.org/10.1016/j.jwb.2017.12.002
VL  - 53
IS  - June
SP  - 433
EP  - 451
ER  -