“…To date, this approach, known as behavioural agency theory, has focused on attitudes to risk, time preferences and intrinsic motivation. Scholars have known for some time that fairness is also a key factor in determining whether employees are motivated by their pay, especially when comparisons are made with the compensation of other team members (Akerlof & Yellen, 1990;Clark & Oswald, 1999), (Card, Mas, Moretti, & Saez, 2012;Larkin, Pierce, & Gino, 2012;Nickerson & Zenger, 2008). Some management scholars (e.g., Gomez-Mejia & Wiseman, 1997;Schlicht, 2008;Wade, O'Reilly, & Pollock, 2006) argue that fairness is equally germane to senior executives as it is to other workers.…”