We examine whether pay differentials between the chief executive officer (CEO) and vice presidents (VPs) can be explained by firms’ strategic priorities. We find that firms that pursue prospector-type strategies have a larger CEO−VP difference in equity compensation. We argue that such a pay...

This paper examines how various types of organizational change influence a firm’s growth in the short/medium term and long term within emerging economies. We classify organizational change on two dimensions: the scale of change and the duration of change. The proposed hypotheses were tested on...