Will Executive Pay Globalise Along American Lines?

Brian R. Cheffins

Corporate Governance: An International Review, 2003, vol. 11, issue 1, 8-24

Abstract: In the United States, the remuneration packages of top executives are characterised by a strong emphasis on pay–for–performance and by a highly lucrative “upside”. There is much discussion of the possibility that executive pay practices will globalise in accordance with this pattern. This paper assesses whether such convergence is likely to occur. It does so by considering market–oriented dynamics that could constitute a “global compensation imperative”. It also takes into account possible obstacles to the Americanisation of executive pay, such as legal regulation, “soft law” and “culture”. The paper concludes with a brief series of normative observations.

Date: 2003
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
https://doi.org/10.1111/1467-8683.00298

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:corgov:v:11:y:2003:i:1:p:8-24

Ordering information: This journal article can be ordered from
http://www.blackwell ... ref=0964-8410&site=1

Access Statistics for this article

Corporate Governance: An International Review is currently edited by William Judge

More articles in Corporate Governance: An International Review from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().