{"id":"https://openalex.org/W4221086129","doi":"https://doi.org/10.1002/mde.3603","title":"Do institutional framework and its threshold matter in the sensitivity of CEO pay to firm performance? Fresh insights from an emerging market economy","display_name":"Do institutional framework and its threshold matter in the sensitivity of CEO pay to firm performance? Fresh insights from an emerging market economy","publication_year":2022,"publication_date":"2022-03-16","ids":{"openalex":"https://openalex.org/W4221086129","doi":"https://doi.org/10.1002/mde.3603"},"language":"en","primary_location":{"id":"doi:10.1002/mde.3603","doi":"https://doi.org/10.1002/mde.3603","is_oa":false,"landing_page_url":"https://doi.org/10.1002/mde.3603","pdf_url":null,"source":{"id":"https://openalex.org/S138400101","display_name":"Managerial and Decision Economics","issn_l":"0143-6570","issn":["0143-6570","1099-1468"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-3","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":"Managerial and Decision Economics","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"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":"https://openalex.org/A5040049877","display_name":"Clement Olalekan Olaniyi","orcid":"https://orcid.org/0000-0003-0758-4830","observed_orcids":["https://orcid.org/0000-0003-0758-4830"]},"institutions":[{"id":"https://openalex.org/I181727666","display_name":"University of Economics Ho Chi Minh City","ror":"https://ror.org/010yce376","country_code":"VN","type":"education","lineage":["https://openalex.org/I181727666"]},{"id":"https://openalex.org/I4405277912","display_name":"Vi\u1ec7n Nghi\u00ean c\u1ee9u kinh doanh","ror":"https://ror.org/049y2qx28","country_code":"VN","type":"facility","lineage":["https://openalex.org/I4405277912"]},{"id":"https://openalex.org/I45711476","display_name":"Obafemi Awolowo University","ror":"https://ror.org/04snhqa82","country_code":"NG","type":"education","lineage":["https://openalex.org/I45711476"]}],"countries":["NG","VN"],"is_corresponding":true,"raw_author_name":"Clement Olalekan Olaniyi","raw_affiliation_strings":["Department of Economics, Obafemi Awolowo University, Ile-Ife, Nigeria","Institute of Business Research, University of Economics Ho Chi Minh City, Ho Chi Minh City, Vietnam"],"raw_orcid":"https://orcid.org/0000-0003-0758-4830","affiliations":[{"raw_affiliation_string":"Department of Economics, Obafemi Awolowo University, Ile-Ife, Nigeria","institution_ids":["https://openalex.org/I45711476"]},{"raw_affiliation_string":"Institute of Business Research, University of Economics Ho Chi Minh City, Ho Chi Minh City, Vietnam","institution_ids":["https://openalex.org/I181727666","https://openalex.org/I4405277912"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5064152698","display_name":"Ademola Obafemi Young","orcid":"https://orcid.org/0000-0002-5752-6324","observed_orcids":["https://orcid.org/0000-0002-5752-6324"]},"institutions":[{"id":"https://openalex.org/I4210092144","display_name":"Mountain Top University","ror":"https://ror.org/00effsg46","country_code":"NG","type":"education","lineage":["https://openalex.org/I4210092144"]}],"countries":["NG"],"is_corresponding":false,"raw_author_name":"Ademola Obafemi Young","raw_affiliation_strings":["Department of Economics, Mountain Top University, Ibafo, Ogun State, Nigeria"],"raw_orcid":"https://orcid.org/0000-0002-5752-6324","affiliations":[{"raw_affiliation_string":"Department of Economics, Mountain Top University, Ibafo, Ogun State, Nigeria","institution_ids":["https://openalex.org/I4210092144"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5001100407","display_name":"Xuan Vinh Vo","orcid":"https://orcid.org/0000-0002-3868-8176","observed_orcids":["https://orcid.org/0000-0002-3868-8176"]},"institutions":[{"id":"https://openalex.org/I181727666","display_name":"University of Economics Ho Chi Minh City","ror":"https://ror.org/010yce376","country_code":"VN","type":"education","lineage":["https://openalex.org/I181727666"]},{"id":"https://openalex.org/I4405277912","display_name":"Vi\u1ec7n Nghi\u00ean c\u1ee9u kinh doanh","ror":"https://ror.org/049y2qx28","country_code":"VN","type":"facility","lineage":["https://openalex.org/I4405277912"]}],"countries":["VN"],"is_corresponding":false,"raw_author_name":"Xuan Vinh Vo","raw_affiliation_strings":["CFVG, University of Economics Ho Chi Minh City, Ho Chi Minh City, Vietnam","Institute of Business Research, University of Economics Ho Chi Minh City, Ho Chi Minh City, Vietnam"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"CFVG, University of Economics Ho Chi Minh City, Ho Chi Minh City, Vietnam","institution_ids":["https://openalex.org/I181727666"]},{"raw_affiliation_string":"Institute of Business Research, University of Economics Ho Chi Minh City, Ho Chi Minh City, Vietnam","institution_ids":["https://openalex.org/I181727666","https://openalex.org/I4405277912"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5067803515","display_name":"Mamdouh Abdulaziz Saleh Al\u2010Faryan","orcid":"https://orcid.org/0000-0003-1665-807X","observed_orcids":["https://orcid.org/0000-0003-1665-807X"]},"institutions":[{"id":"https://openalex.org/I63072094","display_name":"University of Portsmouth","ror":"https://ror.org/03ykbk197","country_code":"GB","type":"education","lineage":["https://openalex.org/I63072094"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Mamdouh Abdulaziz Saleh Al\u2010Faryan","raw_affiliation_strings":["Consultant in Economics and Finance, Riyadh, Saudi Arabia","Department of Accounting and Financial Management, Faculty of Business and Law, University of Portsmouth, Portsmouth, UK"],"raw_orcid":"https://orcid.org/0000-0003-1665-807X","affiliations":[{"raw_affiliation_string":"Consultant in Economics and Finance, Riyadh, Saudi Arabia","institution_ids":[]},{"raw_affiliation_string":"Department of Accounting and Financial Management, Faculty of Business and Law, University of Portsmouth, Portsmouth, UK","institution_ids":["https://openalex.org/I63072094"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":5,"corresponding_author_ids":["https://openalex.org/A5040049877"],"corresponding_institution_ids":["https://openalex.org/I181727666","https://openalex.org/I4405277912","https://openalex.org/I45711476"],"apc_list":{"value":2750,"currency":"USD","value_usd":2750},"apc_paid":null,"fwci":2.3595,"has_fulltext":false,"cited_by_count":14,"citation_normalized_percentile":{"value":0.89260085,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":93,"max":98},"biblio":{"volume":"43","issue":"8","first_page":"3386","last_page":"3403"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9932000041007996,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9932000041007996,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10797","display_name":"Accounting and Organizational Management","score":0.000699999975040555,"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/T13957","display_name":"Corporate Governance and Financial Management","score":0.000699999975040555,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"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/ceo-compensation","display_name":"CEO compensation","score":0.8679999709129333},{"id":"https://openalex.org/keywords/firm-performance","display_name":"firm performance","score":0.7889999747276306},{"id":"https://openalex.org/keywords/institutional-quality","display_name":"institutional quality","score":0.8410000205039978},{"id":"https://openalex.org/keywords/pay-for-performance","display_name":"performance-based pay","score":0.6399999856948853},{"id":"https://openalex.org/keywords/executive-compensation","display_name":"executive compensation","score":0.6460000276565552},{"id":"https://openalex.org/keywords/bureaucratic-quality","display_name":"bureaucratic quality","score":0.753000020980835},{"id":"https://openalex.org/keywords/control-of-corruption","display_name":"corruption control","score":0.9860000014305115},{"id":"https://openalex.org/keywords/law-and-order","display_name":"law and order","score":0.8429999947547913},{"id":"https://openalex.org/keywords/compensation-agreements","display_name":"compensation contracts","score":0.5860000252723694},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"emerging markets","score":0.6800000071525574}],"concepts":[{"id":"https://openalex.org/C151392489","wikidata":"https://www.wikidata.org/wiki/Q5419946","display_name":"Executive compensation","level":3,"score":0.8063012361526489},{"id":"https://openalex.org/C610760","wikidata":"https://www.wikidata.org/wiki/Q1340706","display_name":"Endogeneity","level":2,"score":0.631361722946167},{"id":"https://openalex.org/C148609458","wikidata":"https://www.wikidata.org/wiki/Q7021281","display_name":"Nexus (standard)","level":2,"score":0.6092267632484436},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.5147207379341125},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.496008962392807},{"id":"https://openalex.org/C2779530757","wikidata":"https://www.wikidata.org/wiki/Q1207505","display_name":"Quality (philosophy)","level":2,"score":0.46961337327957153},{"id":"https://openalex.org/C182306322","wikidata":"https://www.wikidata.org/wiki/Q1779371","display_name":"Order (exchange)","level":2,"score":0.4671565592288971},{"id":"https://openalex.org/C51575053","wikidata":"https://www.wikidata.org/wiki/Q72468","display_name":"Bureaucracy","level":3,"score":0.4529244005680084},{"id":"https://openalex.org/C121087249","wikidata":"https://www.wikidata.org/wiki/Q546395","display_name":"Emerging markets","level":2,"score":0.43297910690307617},{"id":"https://openalex.org/C2775924081","wikidata":"https://www.wikidata.org/wiki/Q55608371","display_name":"Control (management)","level":2,"score":0.4101752042770386},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3960905373096466},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.22558867931365967},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.14784952998161316},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.1444765031337738},{"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/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"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/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"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/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C149635348","wikidata":"https://www.wikidata.org/wiki/Q193040","display_name":"Embedded system","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1002/mde.3603","doi":"https://doi.org/10.1002/mde.3603","is_oa":false,"landing_page_url":"https://doi.org/10.1002/mde.3603","pdf_url":null,"source":{"id":"https://openalex.org/S138400101","display_name":"Managerial and Decision Economics","issn_l":"0143-6570","issn":["0143-6570","1099-1468"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-3","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":"Managerial and Decision Economics","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.7297000288963318,"id":"https://metadata.un.org/sdg/16","display_name":"Peace, justice, and strong institutions"},{"score":0.48510000109672546,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":137,"referenced_works":["https://openalex.org/W131683640","https://openalex.org/W645260185","https://openalex.org/W1541611780","https://openalex.org/W1542784301","https://openalex.org/W1548872077","https://openalex.org/W1580107285","https://openalex.org/W1965925758","https://openalex.org/W1968501674","https://openalex.org/W1970311718","https://openalex.org/W1986456478","https://openalex.org/W2016567220","https://openalex.org/W2022220920","https://openalex.org/W2039867859","https://openalex.org/W2047352417","https://openalex.org/W2051547890","https://openalex.org/W2053435477","https://openalex.org/W2062519599","https://openalex.org/W2067402622","https://openalex.org/W2068658192","https://openalex.org/W2094905424","https://openalex.org/W2100159459","https://openalex.org/W2111270032","https://openalex.org/W2151222647","https://openalex.org/W2160860931","https://openalex.org/W2170433190","https://openalex.org/W2182764902","https://openalex.org/W2184468188","https://openalex.org/W2211251206","https://openalex.org/W2277666995","https://openalex.org/W2292505470","https://openalex.org/W2408411318","https://openalex.org/W2485812578","https://openalex.org/W2505652971","https://openalex.org/W2527856416","https://openalex.org/W2533867251","https://openalex.org/W2549085154","https://openalex.org/W2588465582","https://openalex.org/W2604387233","https://openalex.org/W2607157148","https://openalex.org/W2752617332","https://openalex.org/W2754811971","https://openalex.org/W2763991216","https://openalex.org/W2785965452","https://openalex.org/W2794344768","https://openalex.org/W2796020632","https://openalex.org/W2797232490","https://openalex.org/W2799422142","https://openalex.org/W2799697475","https://openalex.org/W2808806156","https://openalex.org/W2809262385","https://openalex.org/W2884719476","https://openalex.org/W2897688697","https://openalex.org/W2901817518","https://openalex.org/W2903974128","https://openalex.org/W2905560641","https://openalex.org/W2910363139","https://openalex.org/W2913651706","https://openalex.org/W2914279901","https://openalex.org/W2919906414","https://openalex.org/W2927461312","https://openalex.org/W2929563890","https://openalex.org/W2937769186","https://openalex.org/W2946201315","https://openalex.org/W2956945856","https://openalex.org/W2959683362","https://openalex.org/W2966085670","https://openalex.org/W2966631818","https://openalex.org/W2968408305","https://openalex.org/W2969993208","https://openalex.org/W2970922400","https://openalex.org/W2971164077","https://openalex.org/W2971183959","https://openalex.org/W2971743478","https://openalex.org/W2974535539","https://openalex.org/W2983522181","https://openalex.org/W2984558358","https://openalex.org/W2993485497","https://openalex.org/W2995987149","https://openalex.org/W2997054936","https://openalex.org/W3005446406","https://openalex.org/W3006592203","https://openalex.org/W3007363110","https://openalex.org/W3008110129","https://openalex.org/W3008117679","https://openalex.org/W3014470223","https://openalex.org/W3014972482","https://openalex.org/W3015009237","https://openalex.org/W3015878438","https://openalex.org/W3027215104","https://openalex.org/W3035906500","https://openalex.org/W3042872821","https://openalex.org/W3044922673","https://openalex.org/W3045759089","https://openalex.org/W3048744935","https://openalex.org/W3082577586","https://openalex.org/W3088154449","https://openalex.org/W3088693098","https://openalex.org/W3107871109","https://openalex.org/W3108886698","https://openalex.org/W3117967719","https://openalex.org/W3121015519","https://openalex.org/W3121131820","https://openalex.org/W3121685195","https://openalex.org/W3122330270","https://openalex.org/W3123960379","https://openalex.org/W3124625562","https://openalex.org/W3124807495","https://openalex.org/W3124969674","https://openalex.org/W3124976763","https://openalex.org/W3125601827","https://openalex.org/W3125693218","https://openalex.org/W3126027997","https://openalex.org/W3126075369","https://openalex.org/W3126625907","https://openalex.org/W3126753943","https://openalex.org/W3127328389","https://openalex.org/W3134717087","https://openalex.org/W3145595612","https://openalex.org/W3158804745","https://openalex.org/W3159848361","https://openalex.org/W3161240841","https://openalex.org/W3164922211","https://openalex.org/W3168686314","https://openalex.org/W3171284869","https://openalex.org/W3180998304","https://openalex.org/W3184535496","https://openalex.org/W3185345587","https://openalex.org/W3186461378","https://openalex.org/W3191796745","https://openalex.org/W3200611764","https://openalex.org/W3208285089","https://openalex.org/W3209540506","https://openalex.org/W3215810456","https://openalex.org/W4200198570","https://openalex.org/W4200616705","https://openalex.org/W4243164716","https://openalex.org/W4250915228"],"related_works":["https://openalex.org/W2182764902","https://openalex.org/W2891025361","https://openalex.org/W2120776655","https://openalex.org/W2030267597","https://openalex.org/W1968501674","https://openalex.org/W4405202548","https://openalex.org/W2051547890","https://openalex.org/W3171284869","https://openalex.org/W1970060789","https://openalex.org/W2924431320"],"abstract_inverted_index":{"This":[0],"study":[1,71,91],"examines":[2],"the":[3,12,74,78],"role":[4],"of":[5,14,29],"institutional":[6,79],"quality":[7,44,80],"and":[8,32,38,45,55],"its":[9],"threshold":[10,81],"in":[11,20,96],"sensitivity":[13],"CEO":[15,97],"pay":[16,50,87],"to":[17,84],"firm":[18],"performance":[19,99],"an":[21],"emerging":[22],"market":[23],"economy,":[24],"using":[25],"a":[26],"generalized":[27],"method":[28],"moments,":[30],"Driscoll":[31],"Kraay's":[33],"nonparametric":[34],"covariance":[35],"matrix":[36],"estimator,":[37],"robust":[39],"dynamic":[40],"panel":[41],"threshold.":[42],"Bureaucratic":[43],"corruption":[46],"control":[47],"weaken":[48],"performance\u2010based":[49,86],"for":[51,88],"CEOs,":[52],"while":[53],"law":[54],"order":[56],"strengthen":[57],"it.":[58],"The":[59,70,90],"overall":[60],"institutions":[61,94],"allow":[62],"boardroom":[63],"backscratching":[64],"which":[65],"biases":[66],"executive":[67],"compensation":[68],"contracts.":[69],"shows":[72],"that":[73,93],"country":[75],"operates":[76],"below":[77],"values":[82],"required":[83],"spur":[85],"CEOs.":[89],"concludes":[92],"matter":[95],"pay\u2010firm":[98],"nexus.":[100]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":7},{"year":2022,"cited_by_count":2}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2022-04-03T00:00:00"}
