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Micro-level opportunity structures as determinants of non-CEO executive pay

Wade, J.B.; Carpenter, M.A.

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Authors

J.B. Wade

M.A. Carpenter



Abstract

We develop a theory wherein the pay of non-CEO executives can be explained by micro-level opportunity structures--the intersection of functional position, CEO background, human capital, and firm strategic resource allocation decisions. Our theory suggests a positive association between pay and a position made visible by resource allocation decisions, a functional background similar to that of the CEO, and a position that helps the firm manage strategic resource allocations. A unique longitudinal data set that combines survey and archival data on the four highest echelons of senior executives in large U.S. firms provided support for this multilevel framework.

Citation

Wade, J., & Carpenter, M. (2002). Micro-level opportunity structures as determinants of non-CEO executive pay. Academy of Management Journal, 45(6), 1085-1103. https://doi.org/10.2307/3069426

Journal Article Type Article
Publication Date Dec 1, 2002
Deposit Date Aug 27, 2008
Publicly Available Date Mar 28, 2024
Journal Academy of Management Journal
Print ISSN 0001-4273
Publisher Academy of Management
Peer Reviewed Peer Reviewed
Volume 45
Issue 6
Pages 1085-1103
DOI https://doi.org/10.2307/3069426
Public URL https://durham-repository.worktribe.com/output/1540944

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