Are CEOs Paid for Performance? A Study of CEO’s Compensation in the Public Sector Corporations-Reference-Cited by-同舟云学术

Are CEOs Paid for Performance? A Study of CEO’s Compensation in the Public Sector Corporations

Published:2023-02-26 Issue: Volume: Page:
ISSN:2811-0943
Container-title:Journal of Economic Analysis
language:en
Short-container-title:JEA

Author:

Reddy Krishna¹

Affiliation:

1. Faculty of Business, Design and Services Industries, Toi Ohomai Institute of Technology, Bay of Plenty, New Zealand

Abstract

<p><big>This study provides insight into CEO compensation dynamics in the public sector and private sector publicly listed firms in New Zealand. This research uses descriptive statistics, OLS regression, and the difference-in-difference method to analyze the compensation-performance relationship for the period 2005 to 2012. Our findings show that CEOs in the private sector publicly listed firms are receiving higher remuneration benefits. Our results suggest that firm sales and past compensation are the most important determinants of CEO cash-based as well as total compensation. Firms with a larger board size and the presence of a formal remuneration committee are likely to provide higher cash compensation than those without.</big></p>

Publisher

Anser Press Pte. Ltd.

Link

https://www.anserpress.org/journal/jea/2/1/15/pdf

Reference78 articles.

1. Adams, R., & Ferreira, D. (2004). Diversity and incentives in teams: Evidence from corporate boards. Working Paper from the Stockholm School of Economics. Stockholm: University of Stockholm.

2. Andjelkovic, A., Boyle, G., & McNoe, W. (2002). Public disclosure of executive compensation: Do shareholders need to know? Pacific-Basin Finance Journal, 10(1), 97-117. http://dx.doi.org/10.1016/S0927-538X(01)00034-8

3. Ballantine, J., Forker, J., & Greenwood, M. (2008). The governance of CEO incentives in English NHS hospital trusts. Financial Accountability & Management, 24(4), 385-410. https://doi.org/10.1111/j.1468-0408.2008.00459.x

4. Bebchuk, L., & Fried, J. (2003). Executive Compensation as an Agency Problem. Journal of Economic Perspectives, 17, 71-92. http://dx.doi.org/10.1257/089533003769204362

5. Bebchuk, L., & Fried, J. (2004). Pay Without Performance: The Unfulfilled Promise of Executive Compensation. Cambridge: Harvard University Press.

Cited by 9 articles. 订阅此论文施引文献订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献

1. EXECUTIVE COMPENSATION AND FINANCIAL PERFORMANCE OF LISTED BANKS IN NIGERIA: MODERATING ROLE OF HUMAN CAPITAL;Journal of Law and Sustainable Development;2024-06-17

2. Can CSR effectively promote corporate green innovation efficiency?;Environment, Development and Sustainability;2024-03-09

3. Executive compensation, risk and performance: evidence from the USA;Corporate Governance: The International Journal of Business in Society;2024-01-08

4. Can Industrial Digitalization Promote Regional Green Technology Innovation?;Journal of Innovation & Knowledge;2024-01

5. Can business managerial capacity improve green innovation in different industries? Evidence from Chinese listed companies;Business Strategy and the Environment;2023-11-14