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- Title
SOCIAL CAPITAL AT THE TOP: EFFECTS OF SOCIAL SIMILARITY AND STATUS ON CEO COMPENSATION.
- Authors
BELLIVEAU, MAURA A.; O'REILLY III, CHARLES A.; WADE, JAMES B.
- Abstract
This study explored the effects of social capital, measured both absolutely and relatively, on CEO compensation in a sample of 61 CEO.- compensation committee chairperson dyads. We controlled for variables representing economic, social comparison, and other social influence explanations for CEO compensation. Social similarity did not influence pay, but a chair's absolute social capital and a CEO's social capital relative to his or her chair's significantly increased CEO compensation. The potential of social capital explanations to increase understanding of the executive wage-setting process beyond that derived from simple economic theories is discussed.
- Subjects
SOCIAL capital; EXECUTIVE compensation; CHIEF executive officers; COMPENSATION management; SOCIAL status; WAGES; SOCIAL influence; BOARDS of directors; FINANCIAL performance; SOCIOECONOMICS; ORGANIZATIONAL behavior; SOCIAL psychology
- Publication
Academy of Management Journal, 1996, Vol 39, Issue 6, p1568
- ISSN
0001-4273
- Publication type
Article
- DOI
10.2307/257069