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Executive Pay Sensitivity to Stock Buybacks : Evidence, Implications, and Proposed Remedy

Shilon, Nitzan - 2020

reform to make the impact of stock buybacks on executive pay transparent. Transparency can be expected to push boards …

Persistent link: https://www.econbiz.de/10012841055

Executive Pay and Performance : The Moderating Effect of CEO Power and Governance Structure

Ntim, Collins G. - 2016

This paper examines the crucial question of whether chief executive officer (CEO) power and corporate governance (CG) structure can moderate the pay-for-performance sensitivity (PPS) using a large up-to-date South African dataset. Our findings are three-fold. First, when direct links between...

Persistent link: https://www.econbiz.de/10012986523

Executive Compensation in Controlled Companies

Kastiel, Kobi - 2015

paradigm. Controlling shareholders, this Article suggests, may in fact overpay managers in order to maximize controllers …' consumption of private benefits, due to their close social and business ties with professional managers or for other reasons, such … as being captured by professional managers. This tendency to overpay managers is further aggravated by the use of control …

Persistent link: https://www.econbiz.de/10013033141

Monitoring by Busy and Overlap Directors : An Examination of Executive Remuneration and Financial Reporting Quality

Fernandez, Carlos - 2016

We examine the influence of multiple board directorships and boards' committee memberships on three board supervisory outcomes: executive remuneration, external auditor opinion and earnings management. The study uses a panel of 122 non-financial companies listed on the Spanish Stock Exchange...

Persistent link: https://www.econbiz.de/10012981207

Executive Remuneration. A Comparative Overview

Ferrarini, Guido - 2014

In this chapter, we analyse current trends in the regulation and practice of executive remuneration. No doubt, the role of regulation in this area is on the rise, particularly after the recent financial crisis, and the standards as to pay governance and structures are spreading from the...

Persistent link: https://www.econbiz.de/10013045689

Why Have CEO Pay Levels Become Less Diverse?

Jochem, Torsten; Ormazabal, Gaizka; Rajamani, Anjana - 2021

We document that the cross-sectional variation in CEO pay levels has declined precipitously, both at the economy level and within industry and size groups. We find evidence consistent with one explanation; reciprocal benchmarking (i.e., firms including each other in the set of peers used to...

Persistent link: https://www.econbiz.de/10013231291

Changes in Corporate Governance : Externally Dictated vs Organically Determined

Tosun, Onur Kemal - 2019

Using the SEC regulations (following the Sarbanes–Oxley Act) on board independence as an identification for externally imposed governance changes, I compare its influence on firm performance to the effect of voluntarily conducted adjustments. Controlling for companies with voluntary changes,...

Persistent link: https://www.econbiz.de/10012900212

Clawback provisions and firm risk

Babenko, Ilona; Bennett, Benjamin; Bizjak, John M.; … - 2019

Panel OLS and GMM-IV estimates indicate that executives respond to the adoption of a compensation clawback provision by decreasing firm risk. The mechanisms that transmit incentives to decisions and decisions to risk appear to be more conservative investment and financial policies and preemptive...

Persistent link: https://www.econbiz.de/10012107693

Board structure, CEO equity-based compensation, and financial performance : evidence from MENA countries

Aljughaiman, Abdullah A.; Almulhim, Abdulateif A.; Al … - In: International Journal of Financial Studies : open … 12 (2024) 1, pp. 1-17

This paper investigates the association between board of director (BOD) structures and CEO equity-based compensation (long-term incentive) for commercial banks (conventional and Islamic banks) in MENA countries. Specifically, we take board size and board independence to measure the board...

Persistent link: https://www.econbiz.de/10014502318

Executive remuneration, corporate governance and corporate performance : evidence from China

Ur Rehman, Ajid; Ali, Tayyab; Hussain, Shahzad; Waheed, … - In: Economic research 34 (2021) 1,3, pp. 3092-3118

Persistent link: https://www.econbiz.de/10014232053