We test for information structure in executive compensation. The optimal compensation contract in the principal agent model implies that incentives increase with the level of managerial talent only if information about managerial talent is asymmetric in that executives have better information than shareholders. We find positive relations between the payperformance sensitivity and the level of m...

In today’s organizational environment, Executive end-users are trained to use the information systems. Sometimes end-users do not understand IT. This study is to examine the attitudes of end-users that affect the corporate environment within which IS contributes to the strategic development of the organization. Executives agreed that information systems have had a positive impact on organizatio...

Agency theory suggests that the interests of opportunistic, self-interested agents conflict with those of principals. Stewardship theory suggests instead that executives’ interests are aligned with company interests and that executives are thus more intrinsically motivated than agency theory implies. This study develops hypotheses regarding the psychological and situational factors that affect ...

Allowing CEOs to hedge the risk in the compensation contracts their …rms give them has been controversial because such hedging permits the executives to undo some of the incentive e¤ects of those contracts; it also results in a divergence between the compensation …rms pay their senior executives and the compensation those executives e¤ectively receive. We analyze the personal hedging activities...

Electronic commerce represents an important opportunity for businesses in developing countries, yet previous research has shown significant barriers to success. Common barriers are internet access, web hosting, web site visibility, logistics, and electronic funds transfer. During July and August 2004 the principle investigators visited business executives in five Caribbean nations to determine ...

This study examines variation in top executives’ environmental perceptions within firms and within industries. More specifically, we investigate how industry and organizational membership affect top executives’ perceptions of five environmental attributes. Results indicate that significant homogeneity of perceptions exists within firms and also within industries. Approximately 40 percent of the...