0000000000459682

AUTHOR

Cynthia J. Campbell

showing 3 related works from this author

The Impact of CEO Long-term Equity-based Compensation Incentives on Economic Growth in Collectivist versus Individualist Countries

2016

This study examines the impact of the prevalence of long-term equity-based chief executive officer (CEO) compensation incentives on GDP growth, and we address the moderating role of individualist versus collectivist cultures on this relationship. We argue that long-term incentives given to CEOs in some firms may convey to other CEOs that they too may be able to receive such incentives and rewards if they emulate the incentivized and rewarded CEOs. In a longitudinal study across 22 nations over a 5-year period, we find that the higher proportion of CEOs in a country are awarded long-term equity-based incentive compensation, the greater future real GDP growth, particularly in collectivist co…

Economics and EconometricsLabour economicsLongitudinal studyComputingMilieux_THECOMPUTINGPROFESSIONCompensation (psychology)05 social sciencesCollectivismEquity (finance)GeneralLiterature_MISCELLANEOUSTerm (time)IndividualismIncentiveReal gross domestic product0502 economics and businessPolitical Science and International RelationsBusiness050207 economicsEconomic systemComputingMilieux_MISCELLANEOUS050203 business & managementFinanceAsian Economic Papers
researchProduct

The Impact of CEO Long-Term Equity-Based Compensation Incentives on Economic Growth in Collectivist Versus Individualist Countries

2015

This study examines the impact of the prevalence of long-term equity-based CEO compensation incentives on GDP growth, and we address the moderating role of individualist versus collectivist cultures on this relationship. We argue long-term incentives given to CEOs in some firms may convey to other CEOs that they too may be able to receive such incentives and rewards if they emulate the incentivized and rewarded CEOs. In a longitudinal study across twenty-two nations over a five-year period, we find that when a higher proportion of CEOs in a country are awarded long-term equity-based incentive compensation, the greater future real GDP growth, particularly in collectivist countries.

Longitudinal studyIndividualismLabour economicsExecutive compensationIncentiveComputingMilieux_THECOMPUTINGPROFESSIONReal gross domestic productCompensation (psychology)CollectivismEquity (finance)EconomicsComputingMilieux_MISCELLANEOUSGeneralLiterature_MISCELLANEOUSSSRN Electronic Journal
researchProduct

Executive Incentive Compensation and Economic Prosperity

2008

This paper analyzes the existence of a potential link between the prevalence of long term incentive compensation schemes and the economic prosperity of a country. This issue is previously not addressed in the literature. In a panel regression with fixed effects a strongly significant, positive effect is found between growth of GDP/capita in real terms and this prevalence, while controlling for general investment and institutional variables. However, when the 22 countries of the study are divided into European and non-European, the growth effect found for the entire material accrues only to the non-European countries. It is concluded that long term incentive contracts seem to have no effect …

Labour economicsIncentiveExecutive compensationmedia_common.quotation_subjectCompensation (psychology)EconomicsPer capitaProsperityInvestment (macroeconomics)Term (time)media_commonPanel dataSSRN Electronic Journal
researchProduct