... their commitment to social and environmental goals ( Cordeiro and Sarkis 2008 ; Berrone and Gomez-Mejia 2009 ). Conversely, when CEO compensation is aligned with stakeholders' interests, CEOs are expected to perceive those interests (i.e., the interests of customers, suppliers, society at large, etc...

...Tee Chwee Ming; Yee-Boon Foo; Ferdinand A. Gul; Abdul Majid ABSTRACT This study uses Malaysian data to examine whether institutional investors affect the association between firm performance and CEO compensation. Overall, we find that total institutional investor ownership has a negative effect...