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Opening up the black box: a UK case study of top managers' attitudes to tbeir performance related pay

Morris, Timothy J. and Fenton-O'Creevy, Mark (1996). Opening up the black box: a UK case study of top managers' attitudes to tbeir performance related pay. International Journal of Human Resource Management, 7(3) pp. 708–720.

DOI (Digital Object Identifier) Link: https://doi.org/10.1080/09585199600000151
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Abstract

This paper examines the attitudes of the top managers within one large financial services organization in the UK to fixed and variable components of their compensation package. The rationale for performance-related pay for senior managers is to align their interests with those of the shareholders, but little is known about the views of top managers on the effectiveness of such incentives. The results suggest that the design of effective bonus systems is not just a technical issue: perceptions of market fairness with respect to the compensation package and the clear communication of goals are important in getting senior managers to focus on shareholder interests.

Item Type: Journal Item
Copyright Holders: 1996 Chapman & Hall
ISSN: 1466-4399
Keywords: PRP; executive remuneration; agency theory; financial services
Academic Unit/School: Faculty of Business and Law (FBL) > Business > Department for People and Organisations
Faculty of Business and Law (FBL) > Business
Faculty of Business and Law (FBL)
Item ID: 47137
Depositing User: Mark Fenton-O'Creevy
Date Deposited: 02 Sep 2016 09:49
Last Modified: 09 Dec 2018 13:26
URI: http://oro.open.ac.uk/id/eprint/47137
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