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The Governance of CEO Incentives in English NHS Hosptial Trusts

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Ballantine, Joan, Forker, John and Greenwood, Margaret (2008) The Governance of CEO Incentives in English NHS Hosptial Trusts. Financial Accountability and Management, 24 (4). pp. 385-410. [Journal article]

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DOI: 10.1111/j.1468-0408.2008.00459.x

Abstract

Institutional arrangements for the governance of CEO pay and turnover in English NHS Hospital Trusts replicate best practice for listed companies but with the additional feature of centrally imposed performance measurement. In this paper we investigate the impact of this unique combination of incentives on the relationship between CEO pay/turnover and Trust financial and operating performance in the period 1998–2005. We identify a strong association between poor Trust performance and CEO turnover but find little evidence that remuneration committees relate pay to performance in the best performing Trusts. Our findings raise questions about the economic rationale for remuneration committees in the governance of NHS Hospital Trusts.

Item Type:Journal article
Faculties and Schools:Ulster Business School
Ulster Business School > Department of Accounting, Finance and Economics
Research Institutes and Groups:Business and Management Research Institute
ID Code:9006
Deposited By:Professor Joan Ballantine
Deposited On:20 Jan 2010 16:20
Last Modified:23 Dec 2011 08:56

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