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Using campaign contributions to measure CEO's political connections, we find that a one standard deviation increase in political connections is associated with a 9% increase in CEOs' annual compensation and a 17% decrease in his pay-performance sensitivity. Political rents increase with the...
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This paper investigates the extent to which Australian CEOs are compensated following the completion of mergers and acquisition (M&A) deals with reference to the incentive alignment and managerial power perspective. Findings reveal that CEOs of acquiring firms significantly receive higher...
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Australia, China, and Pakistan. Using the data of public listed companies of these countries we find mixed results. Our results … practices of China, Australia and Pakistan and provides empirical evidence to corporate world and regulatory bodies. …
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