How Much Does Performance Matter? A Meta-Analysis of CEO Pay Studies

By Henry L. Tosi, Steve Werner, Jeffrey P. Katz, Luis R. Gómez-Mejía. 2000

1,060 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/058129e94a31f062a3255f49163da62ccec7817b

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Strategy and Management

Citations in the corpus

Corporate governance structure and board of directors remuneration policies: evidence from Spain (2008, background): “As a result of this, a positive relationship between the remuneration of the top executive and the duality of his functions is evident (Boyd, 1994; Westphal and Zajac, 1995).”
Employee-Based Brand Equity: Why Firms with Strong Brands Pay Their Executives Less (2014, methodology): “All three measures have been used as metrics of firm performance in studies included in the Tosi et al. (2000) meta-analysis of executive pay research.”
An institution-based view of executive compensation: A multilevel meta-analytic test (2012, methodology): “This study offers a comprehensive synthesis of the executive compensation literature, updating and extending two prior meta-analyses on this topic (Rost & Osterloh, 2009; Tosi et al., 2000).”
6 Pay and Performance: Individuals, Groups, and Executives (2009, background): “( 2003 ) and Tosi, Werner, Katz, and Gomez‐Mejia ( 2000 ) report that variance explained estimates (for the executive PFP relationship as defined in these studies) of less than 1% and 4%, respectively.”
Unmixed signals: How reputation and status affect alliance formation (2014, background): “That is, good performance records do not seem to provide CEOs and directors improved professional growth opportunities, better employment prospects, or higher wages (Tosi et al., 2000).”
An Analysis of Corporate Social Responsibility and Firm Performance with Moderating Effects of CEO Power and Ownership Structure: A Case Study of the Manufacturing Sector of Pakistan (2019, neutral): “Pay and performance are positively interdependent [120].”
Investing with Prejudice: The Relationship between Women's Presence on Company Boards and Objective and Subjective Measures of Company Performance (2009, background): “As suggested in the Introduction, the existing management literature includes a number of measures which stress distinct dimensions of company outcomes (Tosi et al., 2000).”
Entrepreneurial Finance Meets Organizational Reality: Comparing Investment Practices and Performance of Corporate and Independent Venture Capitalists (2010, neutral): “The evidence, however, is inconclusive (Core, Holthausen, and Larcker, 1999; Dalton et al., 2003; Murphy, 1999; Tosi et al., 2000; Core, Guay, and Larcker, 2003).”
The Association of Board Independence and Ownership Concentration with Voluntary Disclosure: A Meta-analysis (2010, methodology): “Brierley (1999), Tosi et al. (2000) and Rhoades et al. (2001), among others, do not carry out this correction either.”