Executive compensation: the role ofShari'a compliance
Purpose - The purpose of this paper is to illuminate issues surrounding executive compensation as it relates to current understandings of Islamic business law. Design/methodology/approach - The emerging bodies of literature in the fields of executive compensation and opinions of stock options under Findings - It appears that the trend in offering employee stock options as part of a Research limitations/implications - Existing quantitative data in this area are limited. Given the qualitative, exploratory nature of the design, generalizability is not as robust as other designs. Practical implications - The paper makes recommendations about the inclusion of employee stock options as part of a Originality/value - This paper advances the extant literature on the ethics of executive compensation in general as well as adding to the extant literature on
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Volume (Year): 4 (2011)
Issue (Month): 3 (August)
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Baker, George P & Jensen, Michael C & Murphy, Kevin J, 1988.
" Compensation and Incentives: Practice vs. Theory,"
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- Brian J. Hall & Kevin J. Murphy, 2003. "The Trouble with Stock Options," Journal of Economic Perspectives, American Economic Association, vol. 17(3), pages 49-70, Summer.
- Lucian Bebchuk, 2005. "The Growth of Executive Pay," Oxford Review of Economic Policy, Oxford University Press, vol. 21(2), pages 283-303, Summer.
- Lucian Bebchuk & Yaniv Grinstein, 2005. "The Growth of Executive Pay," NBER Working Papers 11443, National Bureau of Economic Research, Inc.
- Festing, Marion & Eidems, Judith & Royer, Susanne, 2007. "Strategic Issues and Local Constraints in Transnational Compensation Strategies:: An Analysis of Cultural, Institutional and Political Influences," European Management Journal, Elsevier, vol. 25(2), pages 118-131, April.
- James Angel & Douglas McCabe, 2008. "The Ethics of Managerial Compensation: The Case of Executive Stock Options," Journal of Business Ethics, Springer, vol. 78(1), pages 225-235, March.
- JAMES J. ANGEL & DOUGLAS M. McCABE, "undated". "Market-Adjusted Options For Executive Compensation," Working Papers _001, Georgetown School of Business.
- Brian J. Hall & Kevin J. Murphy, 2003. "The Trouble with Stock Options," NBER Working Papers 9784, National Bureau of Economic Research, Inc.
- Morgan, Angela & Poulsen, Annette & Wolf, Jack, 2006. "The evolution of shareholder voting for executive compensation schemes," Journal of Corporate Finance, Elsevier, vol. 12(4), pages 715-737, September. Full references (including those not matched with items on IDEAS)
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