Social capital at the top: Effects of social similarity and status on CEO compensation

• 成果类型: Article
• 署名作者: Belliveau, MA; OReilly, CA; Wade, JB
• 署名单位: Stanford University; University of Illinois System; University of Illinois Urbana-Champaign
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/257069
• 发表日期: 1996
• 页码: 1568-1593
• 关键词: executive-compensation; structural-analysis; Network structure; POWER; pay; performance; MARKET; Elite; ORGANIZATIONS; perceptions

摘要

This study explored the effects of social capital, measured both absolutely and relatively, on CEO-compensation in a sample of 61 CEOcompensation 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.