کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7414780 1481852 2017 14 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Say on pay effectiveness, corporate governance mechanisms, and CEO compensation alignment
ترجمه فارسی عنوان
در مورد اثربخشی پرداخت، مکانیسم های حاکمیت شرکتی، و هماهنگی گمرکی کارکنان صحبت کنید
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری حسابداری
چکیده انگلیسی
Say on pay (SOP) is a relatively new governance mechanism that allows shareholders to pronounce on the suitability on executives' compensation. The literature has mainly examined SOP effects on Anglo Saxon contexts of corporate governance, reporting mixed results and highlighting the need to deepen our understanding of its real impact, as well as its interactions with other mechanisms of governance. Concerning these gaps, the present research analyzes the effectiveness of SOP as a mechanism for aligning CEO compensation in the context of Spanish listed companies - a good representative model of continental European systems of corporate governance-. It also examines the moderating effect of board monitoring and ownership structure. Using panel data and linear regression methodologies on a set of companies from 2013 to 2016, the results show that SOP generally increases the alignment of CEO compensation, although its effectiveness is reduced in companies with overcompensated CEOs and in owner-managed companies.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: BRQ Business Research Quarterly - Volume 20, Issue 4, October–December 2017, Pages 226-239
نویسندگان
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