Developing a Model for Executive Directors Compensation Plan Based on Balanced Scorecard Framework

Objective: This study aims to provide a model for executive directors' compensation in private manufacturing companies, based on a balanced scorecard framework. The framework contains retrospective and prospective criteria in four areas of financing, customer affairs, internal processes, and gr...

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Autores principales:	Mozhdeh Ghasemi, Gholamreza Kordestani, Hamid Haghighat, AbbasAli Daryae
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2020
Materias:	fuzzy analytical hierarchy process balanced scorecard framework fuzzy delphi method compensation plan agency theory Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/f821bcbe477d4527baf001c22062d4d3
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spelling	oai:doaj.org-article:f821bcbe477d4527baf001c22062d4d32021-11-04T19:56:10ZDeveloping a Model for Executive Directors Compensation Plan Based on Balanced Scorecard Framework2008-89142476-292X10.22103/jak.2020.14153.3003https://doaj.org/article/f821bcbe477d4527baf001c22062d4d32020-07-01T00:00:00Zhttps://jak.uk.ac.ir/article_2513_71595b0d75b8aa32e6bc42e9113807dd.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XObjective: This study aims to provide a model for executive directors' compensation in private manufacturing companies, based on a balanced scorecard framework. The framework contains retrospective and prospective criteria in four areas of financing, customer affairs, internal processes, and growth and learning issues, which based on them it is possible to evaluate the manager at best and outline the company's future road-map. Method: The Method of this research is qualitative and of survey type. In the first step, the factors influencing the design of the compensation plan were determined, using the Fuzzy Delphi method and interviewing with 16 academic experts. In the second step, the weight of each of the four balanced scorecard perspectives in the proposed plan was determined, using the survey method and fuzzy analytical hierarchical analysis. In this step, 22 experts, who were CEOs or members of the board of directors of the companies in different industries, completed the research questionnaire. Results: The main factors of the proposed model were in the three groups of manager characteristics, internal environment characteristics, and external environment characteristics. Based on the findings, in the manager characteristics, the factor of effective communication with the group, and in the proposed plan of research, the growth and learning perspective are the most important. Conclusion: Achieving the highest coefficient for growth and learning implies that from the perspective of the experts, the underlying changes in allocating compensations to management should have the highest priority.Mozhdeh GhasemiGholamreza KordestaniHamid HaghighatAbbasAli DaryaeShahid Bahonar University of Kermanarticlefuzzy analytical hierarchy processbalanced scorecard frameworkfuzzy delphi methodcompensation planagency theoryAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 11, Iss 2, Pp 31-69 (2020)
institution	DOAJ
collection	DOAJ
language	FA
topic	fuzzy analytical hierarchy process balanced scorecard framework fuzzy delphi method compensation plan agency theory Accounting. Bookkeeping HF5601-5689
spellingShingle	fuzzy analytical hierarchy process balanced scorecard framework fuzzy delphi method compensation plan agency theory Accounting. Bookkeeping HF5601-5689 Mozhdeh Ghasemi Gholamreza Kordestani Hamid Haghighat AbbasAli Daryae Developing a Model for Executive Directors Compensation Plan Based on Balanced Scorecard Framework
description	Objective: This study aims to provide a model for executive directors' compensation in private manufacturing companies, based on a balanced scorecard framework. The framework contains retrospective and prospective criteria in four areas of financing, customer affairs, internal processes, and growth and learning issues, which based on them it is possible to evaluate the manager at best and outline the company's future road-map. Method: The Method of this research is qualitative and of survey type. In the first step, the factors influencing the design of the compensation plan were determined, using the Fuzzy Delphi method and interviewing with 16 academic experts. In the second step, the weight of each of the four balanced scorecard perspectives in the proposed plan was determined, using the survey method and fuzzy analytical hierarchical analysis. In this step, 22 experts, who were CEOs or members of the board of directors of the companies in different industries, completed the research questionnaire. Results: The main factors of the proposed model were in the three groups of manager characteristics, internal environment characteristics, and external environment characteristics. Based on the findings, in the manager characteristics, the factor of effective communication with the group, and in the proposed plan of research, the growth and learning perspective are the most important. Conclusion: Achieving the highest coefficient for growth and learning implies that from the perspective of the experts, the underlying changes in allocating compensations to management should have the highest priority.
format	article
author	Mozhdeh Ghasemi Gholamreza Kordestani Hamid Haghighat AbbasAli Daryae
author_facet	Mozhdeh Ghasemi Gholamreza Kordestani Hamid Haghighat AbbasAli Daryae
author_sort	Mozhdeh Ghasemi
title	Developing a Model for Executive Directors Compensation Plan Based on Balanced Scorecard Framework
title_short	Developing a Model for Executive Directors Compensation Plan Based on Balanced Scorecard Framework
title_full	Developing a Model for Executive Directors Compensation Plan Based on Balanced Scorecard Framework
title_fullStr	Developing a Model for Executive Directors Compensation Plan Based on Balanced Scorecard Framework
title_full_unstemmed	Developing a Model for Executive Directors Compensation Plan Based on Balanced Scorecard Framework
title_sort	developing a model for executive directors compensation plan based on balanced scorecard framework
publisher	Shahid Bahonar University of Kerman
publishDate	2020
url	https://doaj.org/article/f821bcbe477d4527baf001c22062d4d3
work_keys_str_mv	AT mozhdehghasemi developingamodelforexecutivedirectorscompensationplanbasedonbalancedscorecardframework AT gholamrezakordestani developingamodelforexecutivedirectorscompensationplanbasedonbalancedscorecardframework AT hamidhaghighat developingamodelforexecutivedirectorscompensationplanbasedonbalancedscorecardframework AT abbasalidaryae developingamodelforexecutivedirectorscompensationplanbasedonbalancedscorecardframework
_version_	1718444628225556480

Developing a Model for Executive Directors Compensation Plan Based on Balanced Scorecard Framework

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