Article ID Journal Published Year Pages File Type
1003058 Research in International Business and Finance 2016 12 Pages PDF
Abstract

This essay analyses the relationship between corporate governance practices and Chief Executive Officer (CEO) wages from a sample of Portuguese listed companies over the period from 2002 to 2011. The relationship between CEO total compensation and shareholders return, firm characteristics, CEO characteristics, board of directors and shareholders characteristics is analysed. It is found that firm specific factors accounts for the majority of the variance in total CEO pay, while firm performance accounts for less than 5%. It is also found that the CEO characteristics, board of directors’ structures, and shareholders features are related with the CEO pay.

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Related Topics
Social Sciences and Humanities Business, Management and Accounting Business and International Management
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