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

被引：278

作者：

Belliveau, MA

OReilly, CA

Wade, JB

机构：

[1] STANFORD UNIV, GRAD SCH BUSINESS, STANFORD, CA 94305 USA

[2] UNIV ILLINOIS, COLL COMMERCE & BUSINESS ADM, URBANA, IL 61801 USA

来源：

ACADEMY OF MANAGEMENT JOURNAL | 1996年 / 39卷 / 06期

关键词：

D O I：

10.5465/257069

中图分类号：

F [经济];

学科分类号：

02 ;

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.

引用

页码：1568 / 1593

页数：26

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