{"id":"https://openalex.org/W2024317170","doi":"https://doi.org/10.2307/3665556","title":"The Relationship between Corporate Compensation Policies and Investment Opportunities: Empirical Evidence for Large Bank Holding Companies","display_name":"The Relationship between Corporate Compensation Policies and Investment Opportunities: Empirical Evidence for Large Bank Holding Companies","publication_year":1995,"publication_date":"1995-01-01","ids":{"openalex":"https://openalex.org/W2024317170","doi":"https://doi.org/10.2307/3665556","mag":"2024317170"},"language":"en","primary_location":{"id":"doi:10.2307/3665556","doi":"https://doi.org/10.2307/3665556","is_oa":false,"landing_page_url":"https://doi.org/10.2307/3665556","pdf_url":null,"source":{"id":"https://openalex.org/S157946625","display_name":"Financial Management","issn_l":"0046-3892","issn":["0046-3892","1755-053X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-2","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Financial Management","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":null,"display_name":"M. Cary Collins","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"M. Cary Collins","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5082672671","display_name":"David W. Blackwell","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"David W. Blackwell","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5029028326","display_name":"Joseph F. Sinkey","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Joseph F. Sinkey","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":2850,"currency":"USD","value_usd":2850},"apc_paid":null,"fwci":2.2883,"has_fulltext":false,"cited_by_count":44,"citation_normalized_percentile":{"value":0.91991859,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"24","issue":"3","first_page":"40","last_page":"40"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10797","display_name":"Accounting and Organizational Management","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/executive-compensation","display_name":"executive compensation","score":0.9980000257492065},{"id":"https://openalex.org/keywords/investment-opportunities","display_name":"investment opportunities","score":0.8289999961853027},{"id":"https://openalex.org/keywords/bank-holding-companies","display_name":"bank holding companies","score":0.9430000185966492},{"id":"https://openalex.org/keywords/regional-banks","display_name":"regional banks","score":0.7419999837875366},{"id":"https://openalex.org/keywords/money-center-banks","display_name":"money center banks","score":0.996999979019165},{"id":"https://openalex.org/keywords/pay-for-performance","display_name":"performance-based pay","score":0.871999979019165},{"id":"https://openalex.org/keywords/financial-innovation","display_name":"financial innovation","score":0.6869999766349792},{"id":"https://openalex.org/keywords/financial-deregulation","display_name":"financial deregulation","score":0.8009999990463257},{"id":"https://openalex.org/keywords/remuneration-policy","display_name":"compensation policy","score":0.5529999732971191}],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.7320756912231445},{"id":"https://openalex.org/C2780023022","wikidata":"https://www.wikidata.org/wiki/Q1338171","display_name":"Compensation (psychology)","level":2,"score":0.7138713002204895},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.5735286474227905},{"id":"https://openalex.org/C166052673","wikidata":"https://www.wikidata.org/wiki/Q83021","display_name":"Empirical evidence","level":2,"score":0.5499246120452881},{"id":"https://openalex.org/C15241564","wikidata":"https://www.wikidata.org/wiki/Q319845","display_name":"Investment banking","level":2,"score":0.4867801368236542},{"id":"https://openalex.org/C151392489","wikidata":"https://www.wikidata.org/wiki/Q5419946","display_name":"Executive compensation","level":3,"score":0.46901935338974},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.39561977982521057},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.336540162563324},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3272092342376709},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.32682323455810547},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.22881954908370972},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.21901631355285645},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C11171543","wikidata":"https://www.wikidata.org/wiki/Q41630","display_name":"Psychoanalysis","level":1,"score":0.0},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.2307/3665556","doi":"https://doi.org/10.2307/3665556","is_oa":false,"landing_page_url":"https://doi.org/10.2307/3665556","pdf_url":null,"source":{"id":"https://openalex.org/S157946625","display_name":"Financial Management","issn_l":"0046-3892","issn":["0046-3892","1755-053X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-2","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Financial Management","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.7257999777793884}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":12,"referenced_works":["https://openalex.org/W396224951","https://openalex.org/W646534461","https://openalex.org/W1977704037","https://openalex.org/W1984536024","https://openalex.org/W2020970716","https://openalex.org/W2023445141","https://openalex.org/W2069931157","https://openalex.org/W2076230949","https://openalex.org/W2077791698","https://openalex.org/W2171570028","https://openalex.org/W2413573154","https://openalex.org/W3125496211"],"related_works":["https://openalex.org/W2013065335","https://openalex.org/W2076230949","https://openalex.org/W7098859884","https://openalex.org/W169954748","https://openalex.org/W2119565355","https://openalex.org/W2970729113","https://openalex.org/W1546538105","https://openalex.org/W3033983834","https://openalex.org/W1837772495","https://openalex.org/W4299416739"],"abstract_inverted_index":{"This":[0],"paper":[1],"investigates":[2],"whether":[3],"the":[4,11,25,48,63,89,93],"firm's":[5],"set":[6],"of":[7,15,24,29,44,65],"investment":[8],"opportunities":[9,103],"drives":[10],"amount":[12],"and":[13,62,98],"type":[14],"executive":[16,26],"compensation":[17,27,39,61,68],"by":[18],"conducting":[19],"a":[20,42],"detailed":[21],"empirical":[22,55],"analysis":[23],"plans":[28],"large":[30],"bank":[31,73,81,106,112],"holding":[32,74,82,107,113],"companies.":[33,83,114],"We":[34],"examine":[35],"intra-industry":[36],"changes":[37],"in":[38,47],"policy":[40],"over":[41],"period":[43],"significant":[45],"change":[46],"investment-opportunity":[49],"set,":[50],"1979":[51],"to":[52],"1985.":[53],"Our":[54],"findings":[56],"reveal":[57],"that":[58,91],"total":[59],"real":[60],"ratio":[64],"incentive":[66],"compensation-to-total":[67],"increased":[69],"substantially":[70],"at":[71,79],"regional":[72,105],"companies":[75,108],"but":[76],"remained":[77],"stable":[78],"money-center":[80,111],"These":[84],"results":[85],"are":[86],"consistent":[87],"with":[88],"hypothesis":[90],"during":[92],"early":[94],"1980s":[95],"financial":[96],"innovation":[97],"deregulation":[99],"created":[100],"greater":[101],"growth":[102],"for":[104,110],"than":[109]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2018,"cited_by_count":2},{"year":2016,"cited_by_count":3},{"year":2014,"cited_by_count":1},{"year":2012,"cited_by_count":4}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2016-06-24T00:00:00"}