Americanization as a driver of CEO pay in Europe : the moderating role of CEO power
- 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.
| Document Type: | Article |
|---|---|
| Language: | English |
| Author: | Stefan Schmid, Frederic Altfeld, Tobias Dauth |
| Chairs and Professorships: | Chair of International Management |
| DOI: | https://doi.org/10.1016/j.jwb.2017.12.002 |
| Parent Title (English): | Journal of World Business : JWB |
| ISSN: | 1090-9516 |
| Volume: | 53 |
| Issue: | June |
| Year of Completion: | 2018 |
| First Page: | 433 |
| Last Page: | 451 |
| Content Focus: | Academic Audience |
| Peer Reviewed: | Yes |
| Rankings: | AJG Ranking / 4 |
| VHB Ranking / B | |
| SJR Ranking / Q1 | |
| Licence (German): |  Urheberrechtlich geschützt |