Effects of firm innovation strategy on executive compensation: Evidence from the Canadian mining industry

Executive compensation has attracted much attention over the past few decades. However, a careful review of the literature reveals that there is a need for more empirical studies using different theoretical perspectives. In this paper, we add theoretical insights from strategic management and analyze some of the determinants of executive compensation within a multidisciplinary framework. Using data from a relatively large sample of metal mining firms in the Canadian mining industry, we examine and discuss the effects of innovation and other firm strategies, as well as firm size and performance, on executive compensation. Areas for future research are also outlined.