Home
Resource
Do CEOs expect (and do they receive) payoffs from layoffs?
PDF
PDF format is widely accepted and good for printing.
Plug-in required
PDF-1(234.98 kb)
Citation & Export
View Usage Statistics
Staff View

Citation & Export
Hide

Simple citation

Bentley, Frederick Scott. Do CEOs expect (and do they receive) payoffs from layoffs?. Retrieved from https://doi.org/doi:10.7282/T39K4D41

Export

Click here for information about Citation Management Tools at Rutgers.

Statistics
Hide

Description

TitleDo CEOs expect (and do they receive) payoffs from layoffs?
NameBentley, Frederick Scott (author); Fulmer, Ingrid S (chair); Lepak, David P (internal member); Kehoe, Rebecca R (internal member); Rutgers University; Graduate School - New Brunswick
Date Created2015
Other Date2015-01 (degree)
SubjectIndustrial Relations and Human Resources, Chief executive officers--Salaries, etc., Employees--Dismissal of
Extent1 online resource (iv, 39 p. : ill.)
DescriptionExecutives, boards of directors, and compensation consultants actively use peer comparisons for constructing compensation benchmarks. However, the implications associated with relative measures of executive compensation have received little attention from the executive compensation research to date. Social comparison, tournament, and prospect theories are used to develop hypotheses concerning the relationship between CEO relative total compensation and layoffs. Utilizing a sample of large, publicly traded companies, I test hypotheses predicting future layoff announcements as a function of CEO relative total compensation. I find that CEOs receiving compensation below their annual industry median are significantly more likely to engage in layoffs than their peers at or above the industry median. Similarly, firms performing below the annual industry median are also more likely to announce future layoffs in the following year. Additional results indicate that while previously under-performing firms benefit from layoffs in terms of increased performance in the following year, executives receiving compensation below the annual industry median and engage in layoffs do not see similar increases in the following year.
NoteM.S.
NoteIncludes bibliographical references
Noteby Frederick Scott Bentley
Genretheses, ETD graduate
Persistent URLhttps://doi.org/doi:10.7282/T39K4D41
Languageeng
CollectionGraduate School - New Brunswick Electronic Theses and Dissertations
Organization NameRutgers, The State University of New Jersey
RightsThe author owns the copyright to this work.
Version 8.5.5
Rutgers University Libraries - Copyright ©2024