EXECUTIVE REWARD SYSTEMS: A CROSS‐NATIONAL COMPARISON*

Johannes Pennings

Journal of Management Studies, 1993, vol. 30, issue 2, 261-280

Abstract: This article examines executive compensation in the United States, France, and the Netherlands. A brief review of executive compensation literature is conducted to expose its implicit value systems. Next, a qualitative study examines the interpretive schemas that executives express about the pay‐performance relationship; US‐developed expectancy theory and agency theory serve as a benchmark. the results indicate that US executives understand compensation in different terms from those employed by their European counterparts.

Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jomstd:v:30:y:1993:i:2:p:261-280

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