TY - JOUR
T1 - Is pay related to performance in the Netherlands? An analysis of Dutch executive compensation
AU - van der Laan, G.
AU - van Ees, H.
AU - van Witteloostuijn, A.
PY - 2010
Y1 - 2010
N2 - This paper analyzes the characteristics of Dutch pay arrangements. We show that (1) studying executive compensation outside the Anglo-American countries adds insights to the pay for performance literature, (2) pay for performance relations are different for various types of executives and for various compensation components, (3) attention to the methodological treatment of conditional stock (option) grants is important, and (4) researchers should go beyond stock market performance indicators to detect the performance relatedness of pay. All in all, a myriad of pay-performance relationships has been found for the Dutch case, when the above is accounted for.
AB - This paper analyzes the characteristics of Dutch pay arrangements. We show that (1) studying executive compensation outside the Anglo-American countries adds insights to the pay for performance literature, (2) pay for performance relations are different for various types of executives and for various compensation components, (3) attention to the methodological treatment of conditional stock (option) grants is important, and (4) researchers should go beyond stock market performance indicators to detect the performance relatedness of pay. All in all, a myriad of pay-performance relationships has been found for the Dutch case, when the above is accounted for.
M3 - Article
SN - 0013-063X
VL - 158
SP - 123
EP - 149
JO - Economist-Netherlands
JF - Economist-Netherlands
IS - 2
ER -