Board Level Employee Representation and CEO Compensation: The Mediation and Interaction Effects of the Largest Shareholder-Reference-Cited by-同舟云学术

Board Level Employee Representation and CEO Compensation: The Mediation and Interaction Effects of the Largest Shareholder

Published:2021-07-19 Issue:3 Volume:25 Page:199-219
ISSN:1918-9222
Container-title:Management international
language:
Short-container-title:mi

Author:

Dardour Ali¹,Ahmed Rana²

Affiliation:

1. Kedge Business School – Campus de Bordeaux, Univ. Bordeaux, IRGO, EA 4190, F-33000 Bordeaux, France

2. University of Manouba - Tunis, Business School

Abstract

The goal of this paper is to study the effect of board employee representation on the CEO compensation in French publicly listed companies. The study shows the following results: First, we found that employee board representation affects negatively and significantly the CEO total compensation. Second, employee representation has no effect on firm financial performance. Third, we found that French State strengthens the control of BLER over CEOs and their compensation, rather than simply mediate it.

Publisher

Consortium Erudit

Subject

General Medicine

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