Call for Papers to be submitted to a Special Issue in CGIR on
"Antecedents and Effects of Executive Compensation"
Guest Editors: Brian Boyd, Monica Franco Santos, and Wei Shen
Executive compensation is a popular topic in both the popular press and the scholarly literature. During each proxy season, a recurring debate occurs whether top executives are over- or under-paid, as well as the best approaches to align the interests of top executives with those of the firm, stake- and shareholders. Such debate has fuelled greater oversight of compensation on a global basis: In the US, for example, TARP recipients must follow strict guidelines regarding the design of compensation packages. Additionally, the US has seen growing diffusion of clawback provisions, which are mechanisms to retroactively reduce the compensation of key executives. The Chinese government has recently placed restrictions on bonus pay for banking executives, and both Australia and India have seen calls for curbs on pay to top managers. Similarly, the 2010 UK Corporate Governance Code includes guidelines for the design of remuneration packages for directors. Comparable examples may be found in a number of other countries.
The goal of this special issue is to advance knowledge regarding the design and implementation of effective executive compensation packages, including the relevance of different approaches across national and cultural contexts. Therefore, we encourage papers that are diverse in approach, including quantitative, qualitative, and conceptual papers. Articles that are cross-national or comparative in focus are also especially encouraged. While all papers should advance theory, they should also be practically relevant as well. Appropriate topics for the special issue would include, but are not restricted to:
· The measurement of financial and non-financial performance and executive pay
· The concept of risk and executive compensation
· The impact of new government regulations on the design of executive compensation packages
· Disclosure issues
The relationship between executive rewards and health/wellbeing (e.g. stress)
· Governance codes and the design of both executive and director remuneration
· Performance evaluations for boards, individual directors, and top executives
· Golden parachutes and severance packages
· Ethical issues associated with exexutive compensation
· National and institutional factors relating to the design and effectiveness of executive compensation plans
· Composition and function of board Compensation Committees
· Say-on-pay: Shareholder input into executive compensation plans
· Pay dispersion within top management teams and its impact on firm performance
· The relation between executive pay and executive turnover
· The change of managerial discretion and its impact on executive pay
· Pay dispersion between internally promoted and externally appointed executives
· Executive pay and the development of managerial labor markets in emerging economies
Proposals should be submitted via
http://mc.manuscriptcentral.com/cgir and selecting "Special Issue Proposal: Executive Compensation" as the paper type. Proposals should include contact information for all authors on the first page and consist of no more than seven double-spaced pages. References, tables, and appendices do not count against the aforementioned page limit, but they should be used only as needed. Proposals will be reviewed by the guest editors and used only to ensure that the focus and scope of each paper is appropriate for the special issue. Authors of accepted proposals will be asked to provide full papers. Papers will undergo the usual double-blind, developmental review, and the final acceptance of approved papers will be contingent on incorporating reviewers' feedback to the satisfaction of the editors. Submissions will be evaluated with respect to the following criteria:
(a) Relevance. The proposed manuscript should make a contribution towards improving our understanding of executive compensation issues in the context of corporate governance.
(b) Viability. The proposal should represent an achievable project within the tight time
constraints required. More detail on the timeline is provided below.
(c) Organization and Coherence. The proposal should follow a logical structure, read
clearly, and thoroughly represent the available research.
(d) Insight for Future Work. The proposal should convey important implications for future
management scholars particularly regarding the development of new theory for international governance studies.
(e) Normative and Practical Implications. The paper should make a contribution to the ongoing debate on executive compensation by offering specific insights that could improve the processes used by firms to set executive pay, regional governance codes, listing requirements, or governmental regulations.
The Guest Editors for this Special Issue are Brian Boyd, Arizona State U. (
briankboyd@asu.edu <mailto:
briankboyd@asu.edu> ), Monica Franco Santos (
monica.franco@cranfield.ac.uk), and Wei Shen (
wei.shen.4@asu.edu). We welcome any questions or queries about possible submissions.
Please note that due to editorial constraints, it is vital for authors to adhere to the following strict
timeline. We will not be able to accept late submissions, for either initial proposals or full manuscripts. Relevant dates are as follows:
* June 1, 2011: Proposals due (to be submitted at
http://mc.manuscriptcentral.com/cgir by selecting "Special Issue: Executive Compensation" as the Paper Type).
* July 15, 2011: Notification of authors regarding invitation to submit full manuscripts.
* December 1, 2011: First draft of full-length paper due.