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Who affects CEO compensation? Firm performance, ownership structure, and board diversity
The Journal of High Technology Management Research, Volume: 35, Issue: 2, Start page: 100501
Swansea University Author: Mohammad Abedin
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© 2024 The Authors. This is an open access article under the CC BY license.
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DOI (Published version): 10.1016/j.hitech.2024.100501
Abstract
This paper examines the relation among firm performance, ownership structure, and board gender diversity on the firm board and CEO compensation, i.e., total compensation, salary-based compensation, and bonus-based compensation. The paper employs a unique dataset from S&P 1500 firms from 2007 to...
| Published in: | The Journal of High Technology Management Research |
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| ISSN: | 1047-8310 |
| Published: |
Elsevier BV
2024
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| Online Access: |
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| URI: | https://cronfa.swan.ac.uk/Record/cronfa66741 |
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| Abstract: |
This paper examines the relation among firm performance, ownership structure, and board gender diversity on the firm board and CEO compensation, i.e., total compensation, salary-based compensation, and bonus-based compensation. The paper employs a unique dataset from S&P 1500 firms from 2007 to 2018. The empirical results suggest that large and diversified boards are the main determinants of CEO compensation, in line with the theory. Moreover, longer-tenured CEOs who also hold the board chairperson position receive greater compensation and bonuses than their peers. In addition, a firm financial performance affects CEO compensation, with the influence being more pronounced in the CEO's total compensation. This paper adds to the existing literature on CEO compensation, corporate governance, and board attributes, especially when revealing empirical support for the link between board diversity and CEO compensation against a strong demand for sound corporate governance practices. |
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| Keywords: |
CEO compensation; Firm performance; Corporate governance; United States |
| College: |
Faculty of Humanities and Social Sciences |
| Funders: |
Swansea University |
| Issue: |
2 |
| Start Page: |
100501 |