This study outlines a new theory linking industry structure to optimal employment contracts and executive short-termism. Firms hire their executives using optimal contracts derived within a competitive labour market. To motivate effort firms must use some variable remuneration. Such remuneration introduces a myopia problem: an executive would wish to inflate early expected earnings at some risk...

This study extends prior research on the willingness of firms to significantly decrease their corporate taxes. It specifically examines the associations between corporate tax avoidance and the reported significant uncertainty of a firm’s tax position, the tax expertise and tax affiliations of its directors, and the performance-based remuneration incentives of its key management personnel. Based...

The main objective of this study is to determine the effect proportion independent commissioners, audit committees, directors' remuneration, institutional ownership, public ownership and foreign on company's financial performance. number research samples 248 observations. analytical method used Partial Least Square (PLS) method. results showed that variables remuneration had a positive performa...