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Does risk matter in CEO compensation contracting? Evidence from US restaurant industry

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dc.contributor.authorÖzdemir, Özgür
dc.contributor.authorKizildag, M.
dc.contributor.authorUpneja, A.
dc.contributor.departmentHotel Management
dc.contributor.ozuauthorÖZDEMİR, Özgür
dc.date.accessioned2014-07-04T07:43:12Z
dc.date.available2014-07-04T07:43:12Z
dc.date.issued2013-09
dc.description.abstractThe structure of compensation packages of Chief Executive Officers (CEOs) has been a significant research interest for researchers across various disciplines. In this paper, we examine a unique relationship between CEO compensation and risk (systematic risk) in the US restaurant industry. Our research question stems from the assumption that CEOs must be rewarded with a higher incentive-based compensation in high-risk profile restaurant companies in order to motivate them to perform in their full potential for mutual benefits of the CEO and shareowners. Furthermore, we investigate whether firm risk moderates the relationship between firm performance and CEO total compensation controlling for the firm size and CEO ownership. We draw our sample firms from the US restaurant industry. Findings of our study suggest that firm risk induces a higher proportion of incentive-based compensation for restaurant companies’ CEOs, and firm risk does not seem to moderate the relationship between pay and performance in the restaurant industry.en_US
dc.description.versionpost-print
dc.identifier.doi10.1016/j.ijhm.2012.11.012
dc.identifier.endpage383
dc.identifier.issn1873-4693
dc.identifier.scopus2-s2.0-84878577678
dc.identifier.startpage372
dc.identifier.urihttp://hdl.handle.net/10679/430
dc.identifier.urihttps://doi.org/10.1016/j.ijhm.2012.11.012
dc.identifier.volume34
dc.identifier.wos000320568300040
dc.language.isoengen_US
dc.peerreviewedyes
dc.publicationstatuspublisheden_US
dc.publisherElsevieren_US
dc.relation.ispartofInternational Journal of Hospitality Management
dc.rightsopenAccess
dc.subject.keywordsCEOen_US
dc.subject.keywordsCompensationen_US
dc.subject.keywordsFirm risken_US
dc.subject.keywordsRestaurant industryen_US
dc.titleDoes risk matter in CEO compensation contracting? Evidence from US restaurant industryen_US
dc.typearticleen_US
dspace.entity.typePublication
relation.isOrgUnitOfPublicationca93a919-1468-4da7-bcc5-9967156067ec
relation.isOrgUnitOfPublication.latestForDiscoveryca93a919-1468-4da7-bcc5-9967156067ec

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