caa a22 4500 445862661 CHVBK 20180317145448.0 cr unu---uuuuu 170323e20110201xx s 000 0 eng 10.1007/s10997-009-9117-6 doi (NATIONALLICENCE)springer-10.1007/s10997-009-9117-6 New perspectives on the governance of executive compensation: an examination of the role and effect of compensation consultants [Elektronische Daten] [Martin Conyon, Simon Peck, Graham Sadler] We develop a multi-theoretic approach, drawing on economic, institutional, managerial power and social comparison literatures to explain the role of the external compensation consultant in the top management pay setting institutional field. Taking advantage of recent disclosure requirements in the UK, we collect data on compensation consultant use in 232 large companies. We show that consultants are a prevalent part of the CEO pay setting scene, and document evidence of all advisor use. Our econometric results show that consultant use is associated with firm size and the equity pay mix. We also show that CEO pay is positively associated with peer firms that share consultants, with higher board and consultant interlocks, and some evidence that where firms supply other business services to the firm, CEO pay is greater. Springer Science+Business Media, LLC., 2009 Executive compensation nationallicence Consultants nationallicence Conyon Martin ESSEC Business School, Paris, France aut Peck Simon Weatherhead School of Management, Case Western Reserve University, 10900 Euclid Avenue, 44106-7235, Cleveland, OH, USA aut Sadler Graham Aston University, Birmingham, UK aut Journal of Management & Governance Springer US; http://www.springer-ny.com 15/1(2011-02-01), 29-58 1385-3457 15:1<29 2011 15 10997 https://doi.org/10.1007/s10997-009-9117-6 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10997-009-9117-6 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Conyon Martin ESSEC Business School, Paris, France aut NATIONALLICENCE 700 1- Peck Simon Weatherhead School of Management, Case Western Reserve University, 10900 Euclid Avenue, 44106-7235, Cleveland, OH, USA aut NATIONALLICENCE 700 1- Sadler Graham Aston University, Birmingham, UK aut NATIONALLICENCE 773 0- Journal of Management & Governance Springer US; http://www.springer-ny.com 15/1(2011-02-01), 29-58 1385-3457 15:1<29 2011 15 10997 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer