Ownership Structure and CEO Compensation: Evidence from Jordan

The current study examines the effect of ownership structure (i.e., government ownership, family and foreign ownership) on chief executive officer (CEO) compensation in an emerging market, by considering Jordan as a case study. By using sample 136 non-financial firms listed Amman Stock Exchange over period 2015–2019, we find that has positive significant impact CEO compensation. finding regarding is contrary to expectations, with higher reflecting Overall, these results imply Jordanian companies exerts influence pay setting process. However, no relationship This indicates ineffective determining We further firm size positively related compensation, indicating larger have more ability generate high internal funding, can afford quality managerial talent. In contrast, effects age liquidity are not at levels.