TITLE

INCENTIVE-BASED EXECUTIVE COMPENSATION AND ECONOMIC GROWTH IN THE SOUTHEAST: ENCOURAGEMENT OR DISINCENTIVE?

AUTHOR(S)
Cline, Brandon N.; Benefield, Justin D.
PUB. DATE
January 2010
SOURCE
Southern Business & Economic Journal;Winter/Spring2010, Vol. 33 Issue 1/2, p51
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Existing literature shows higher firm performance and lower agency problems in firms offering incentive compensation. Southeastern states tend to rank poorly across many economic variables. This study identifies an additional obstacle to economic growth in Southeastern states that has received little prior attention. Namely, firms headquartered in the Southeast do not emphasize incentive-based executive compensation as heavily as similar firms headquartered elsewhere. Ev-idence is provided of a positive relationship between pay-for-performance utiliza-tion and gross state product. Thus, an alternative route to economic growth might include educating Southeastern firms about incentive-based compensation and en-couraging incentive-based compensation use through state policies.
ACCESSION #
78096136

 

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