WPS-MGT-07-02 EXECUTIVE COMPENSATION IN HIGH TECHNOLOGY FIRMS: A CONTEXTUAL APPROACH PASCUAL BERRONE IESE Business School University of Navarra Department of General Management Camino del Cerro del Águila, 3, 28023 Madrid. Spain (34) 91-2113000 (phone) PBerrone@iese.edu MARIANNA MAKRI Dept. of Management University of Miami Jenkins Building, 412 A 5250 University Drive, Coral Gables, FL, 33146 305-248-8586 (phone) mmakri@exchange.sba.miami.edu LUIS R. GOMEZ-MEJIA ∗ Arizona State University Dept. of Management Main Campus, PO Box 874006 Tempe, AZ 85287-4006 (480) 965-8221 (phone) luis.gomez-mejia@asu.edu © 2007 by Berrone, Makri and Gomez-Mejia. No part of this publication can be reproduced or transmitted in any form or by any means – electronic, mechanical, photocopying or otherwise (including the Internet) – without the written permission of the authors ∗ Corresponding author