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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.

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Metadaten
Document Type:Article
Language:English
Author:Stefan Schmid, Frederic Altfeld, Tobias DauthORCiD
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):License LogoUrheberrechtlich gesch├╝tzt