CEO Compensation and State Ownership in French Listed Companies-Reference-Cited by-同舟云学术

CEO Compensation and State Ownership in French Listed Companies

Published:2018-10-16 Issue:2 Volume:21 Page:135-151
ISSN:1918-9222
Container-title:Management international
language:
Short-container-title:mi

Author:

Dardour Ali¹,Boussaada Rim²

Affiliation:

1. KEDGE Business School, France, Univ. Bordeaux, IRGO, EA4190

2. FSJEG-Jendouba, Tunisia, High Institute of Management, GEF-2A Lab

Abstract

This study investigates the determination of French CEO Compensation. Based on a panel sample of 153 French listed firms between 2003 and 2012, we find U-shaped relationship between State Ownership (SO) and CEO compensation. We attempt to fill the gap of previous French empirical research, which has been limited to cross-sectional studies and has focused on other types of shareholders, using panel data over a period of ten years. The non-monotonic relationship between SO and CEO compensation is initially negative, and then becomes positive with increasing State’s voting rights.

Publisher

Consortium Erudit

Subject

General Medicine

Reference117 articles.

1. Acharya Viral. V., Myers Stewart. C., RajanRaghuram. G. (2011). “The Internal Governance of Firms”. Journal of Finance, Vol. 66, N°3, p. 689-720.

2. Aguilera, Ruth V.; Jackson, Gregory (2003). “The cross national diversity of corporate governance: dimensions and determinants”, Academy of Management Review, Vol. 28, N°3, p. 447-465.

3. Alcouffe, Alain; Alcouffe, Christiane (2000). “Executive compensation-Setting practice in France”, Long Range Planning, Vol. 33, p. 527-543.

4. Arellano, Manuel; Bover Olympia (1995). “Another look at the instrumental variable estimation of error- components models”, Journal of Econometrics, Vol. 68, p. 29-51.

5. Baker, George P.; Michael C. Jensen; Kevin J. Murphy(1988). “Compensation and incentives: Practice vs theory”, Journal of Finance, Vol. 43, p. 593-616.

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. Sustainable supply chain management and CEO compensation: does CSR committee matter?;Supply Chain Forum: An International Journal;2024-07-04

2. CEO incentive pay and corporate social performance: Evidence from French companies;European Management Journal;2024-06

3. Rémunération des dirigeants, structure de l’actionnariat et performance sociétale des entreprises;Recherches en Sciences de Gestion;2023-09-28

4. Diversité des conseils d’administration et volatilité boursière des firmes en France;Management international;2022

5. Board Level Employee Representation and CEO Compensation: The Mediation and Interaction Effects of the Largest Shareholder;Management international;2021-07-19