this study addresses executive compensation from shareholders perspective by empirically examining the effects of chief executive officer (ceo) compensation on firm performance subsequent to the year of compensation. three factors of ceo compensation are examined, size, total annual compensation; form percentage of total compensation comprised of cash, cash bonuses and stock; and sensitivity. t...

Most of the studies regarding the determination of executive compensation are based on developed countries and mainly focused on CEO compensation. Determination of board compensation is relatively ignored in the literature. This paper examines the effect of corporate governance, firm performance and corporate diversification on board as well as CEO compensation and its components in the context...

Using 1998-2005 EXECUCOMP data on Real Estate Investment Trust (REIT) CEOs, this study addresses some of the issues that arise when modeling CEO incentive-based compensation. The purpose is to investigate how profit efficiencies are impacted by CEO compensation and their composition of pay packages. Since a disproportionate amount of a REITs expenses are executive compensation related, this iss...

We examined the relationships among CEO perceived charisma, CEO compensation packages, and firm performance in a sample of Fortune 500 companies over a 10-year period. CEO charisma ratings obtained from company CFOs and VPs for HRM were directly related to total CEO pay but not to any firm performance measures. CEO perceived charisma also was related to shareholder value, under highly uncertain...

This important study in Executive Compensation topic investigated the importance of Firm Ownership on the CEO Compensation system in the New York Stock Exchange (NYSE) companies. This research had compared the CEO Compensation System of the Owner-Managed and the Management-Controlled companies from 2005 to 2010. The research question for this study was: is there a relationship between the CEO C...

This paper attempts to detect the determinants of board and CEO compensation as well as the different components of the board compensation in the context of an emerging economy, India, where managerial market is yet to be developed. I use panel data of the Indian manufacturing sector to explore two broad issues on determination of board and CEO compensation. First what is the effect of corporat...

This paper examines the link between CEO pay and performance employing a unique, hand-collected panel data set of 390 UK non-financial firms from the FTSE All Share Index for the period 1999-2005. We include both cash (salary and bonus) and equity-based (stock options and long-term incentive plans) components of CEO compensation in our analysis of a dynamic CEO compensation model. Different fro...

Although research on CEO compensation is voluminous, only limited attention has been paid to the role of industry. In this paper we develop an industry-level explanatory theory based on the concept of managerial discretion, and test it using a multi-level structural equation modeling approach at the industry level. In contrast to previous work, this theory offers an explanation of why, and how,...

Title of dissertation: SELECTION OF STAR CEOS AND ITS IMPLICATIONS ON FIRM PERFORMANCE AND CEO COMPENSATION Minwen Li, Doctor of Philosophy, 2010 Dissertation directed by: Professor Vojislav Maksimovic, Dean's Chair Professor of Finance, Department of Finance My dissertation examines a board’s decision to hire a star CEO and the implication of such decision on the new CEO compensation and firm ...