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Performance Principle and Organizational Compensation Practice in the Context of the Global Financial Crisis: A Discourse-analytical Study

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  • Hartz, Ronald
  • Fassauer, Gabriele

Abstract

Criticism of the compensation practice of bonus payments was a key element of the public debate concerning the causes and consequences of the global financial crisis (GFC). Along with the criticism of bonuses in the financial and banking sector, the va-lidity of the performance principle as a normative pillar of the economic order was also called into question. Based on the discourse contained in the Frankfurter Allge-meine Zeitung, the following study reconstructs the topoi of criticism and justification as problematizations of a ‘bonus culture’, with corresponding reference to the per-formance principle as a ‘discursive resource’. In this way the aim is to make a general contribution to the understanding of the social embedding of organizational practices that becomes evident in times of crisis, while at the same time furthering the debate on the normative validity of the performance principle.

Suggested Citation

  • Hartz, Ronald & Fassauer, Gabriele, 2013. "Performance Principle and Organizational Compensation Practice in the Context of the Global Financial Crisis: A Discourse-analytical Study," management revue. Socio-economic Studies, Rainer Hampp Verlag, vol. 24(1), pages 30-52.
  • Handle: RePEc:rai:mamere:1861-9908_mrev_2013_1_hartz
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    Citations

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    Cited by:

    1. Ingen, Ramon van & Ruiter, Melanie De & Peters, Pascale & Kodden, Bas & Robben, Henry, 2021. "Engaging Through Purpose: The Mediating Role of Person–Organizational Purpose Fit in the Relationship Between Perceived Organizational Purpose and Work Engagement," management revue - Socio-Economic Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 32(2), pages 85-105.

    More about this item

    Keywords

    global financial crisis; performance principle; discourse; mass media;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
    • Z10 - Other Special Topics - - Cultural Economics - - - General
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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