GIRMA, SOURAFEL; THOMPSON, STEVE; WRIGHT, PETER W. - In: Manchester School 75 (2007) 1, pp. 65-81
This paper examines the effect that the 'Cadbury reforms' have had on the pay determination process of executives in the UK. Our results suggest that, on average, the impact has been disappointing. The relationship between pay and performance remains weak and the link to firm size has, if...