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Do CEOs expect (and do they receive) payoffs from layoffs?
Descriptive
TitleInfo
Title
Do CEOs expect (and do they receive) payoffs from layoffs?
SubTitle
An examination of the relationship between CEO relative pay and layoffs
Name
(type = personal)
NamePart
(type = family)
Bentley
NamePart
(type = given)
Frederick Scott
NamePart
(type = date)
1987-
DisplayForm
Frederick Scott Bentley
Role
RoleTerm
(authority = RULIB)
author
Name
(type = personal)
NamePart
(type = family)
Fulmer
NamePart
(type = given)
Ingrid S
DisplayForm
Ingrid S Fulmer
Affiliation
Advisory Committee
Role
RoleTerm
(authority = RULIB)
chair
Name
(type = personal)
NamePart
(type = family)
Lepak
NamePart
(type = given)
David P
DisplayForm
David P Lepak
Affiliation
Advisory Committee
Role
RoleTerm
(authority = RULIB)
internal member
Name
(type = personal)
NamePart
(type = family)
Kehoe
NamePart
(type = given)
Rebecca R
DisplayForm
Rebecca R Kehoe
Affiliation
Advisory Committee
Role
RoleTerm
(authority = RULIB)
internal member
Name
(type = corporate)
NamePart
Rutgers University
Role
RoleTerm
(authority = RULIB)
degree grantor
Name
(type = corporate)
NamePart
Graduate School - New Brunswick
Role
RoleTerm
(authority = RULIB)
school
TypeOfResource
Text
Genre
(authority = marcgt)
theses
OriginInfo
DateCreated
(qualifier = exact)
2015
DateOther
(qualifier = exact);
(type = degree)
2015-01
CopyrightDate
(encoding = w3cdtf);
(qualifier = exact)
2015
Place
PlaceTerm
(type = code)
xx
Language
LanguageTerm
(authority = ISO639-2b);
(type = code)
eng
Abstract
(type = abstract)
Executives, 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.
Subject
(authority = RUETD)
Topic
Industrial Relations and Human Resources
Subject
(authority = ETD-LCSH)
Topic
Chief executive officers--Salaries, etc.
Subject
(authority = ETD-LCSH)
Topic
Employees--Dismissal of
RelatedItem
(type = host)
TitleInfo
Title
Rutgers University Electronic Theses and Dissertations
Identifier
(type = RULIB)
ETD
Identifier
ETD_6040
PhysicalDescription
Form
(authority = gmd)
electronic resource
InternetMediaType
application/pdf
InternetMediaType
text/xml
Extent
1 online resource (iv, 39 p. : ill.)
Note
(type = degree)
M.S.
Note
(type = bibliography)
Includes bibliographical references
Note
(type = statement of responsibility)
by Frederick Scott Bentley
RelatedItem
(type = host)
TitleInfo
Title
Graduate School - New Brunswick Electronic Theses and Dissertations
Identifier
(type = local)
rucore19991600001
Location
PhysicalLocation
(authority = marcorg);
(displayLabel = Rutgers, The State University of New Jersey)
NjNbRU
Identifier
(type = doi)
doi:10.7282/T39K4D41
Genre
(authority = ExL-Esploro)
ETD graduate
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Rights
RightsDeclaration
(ID = rulibRdec0006)
The author owns the copyright to this work.
RightsHolder
(type = personal)
Name
FamilyName
Bentley
GivenName
Frederick
MiddleName
Scott
Role
Copyright Holder
RightsEvent
Type
Permission or license
DateTime
(encoding = w3cdtf);
(qualifier = exact);
(point = start)
2014-12-19 15:07:24
AssociatedEntity
Name
Frederick Bentley
Role
Copyright holder
Affiliation
Rutgers University. Graduate School - New Brunswick
AssociatedObject
Type
License
Name
Author Agreement License
Detail
I hereby grant to the Rutgers University Libraries and to my school the non-exclusive right to archive, reproduce and distribute my thesis or dissertation, in whole or in part, and/or my abstract, in whole or in part, in and from an electronic format, subject to the release date subsequently stipulated in this submittal form and approved by my school. I represent and stipulate that the thesis or dissertation and its abstract are my original work, that they do not infringe or violate any rights of others, and that I make these grants as the sole owner of the rights to my thesis or dissertation and its abstract. I represent that I have obtained written permissions, when necessary, from the owner(s) of each third party copyrighted matter to be included in my thesis or dissertation and will supply copies of such upon request by my school. I acknowledge that RU ETD and my school will not distribute my thesis or dissertation or its abstract if, in their reasonable judgment, they believe all such rights have not been secured. I acknowledge that I retain ownership rights to the copyright of my work. I also retain the right to use all or part of this thesis or dissertation in future works, such as articles or books.
Copyright
Status
Copyright protected
Availability
Status
Open
Reason
Permission or license
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Technical
RULTechMD
(ID = TECHNICAL1)
ContentModel
ETD
OperatingSystem
(VERSION = 5.1)
windows xp
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Statistical Profile