Zoekresultaten

Zoekopdracht: faculteit: "FEB" en publicatiejaar: "2006"

AuteurW.A.J. Botman
TitelAn empirical study to the determinants of the relationship between CEO pay and firm performance.
BegeleidersV.S. Maas, S. van Triest
Jaar2006
FaculteitFaculteit Economie en Bedrijfskunde
SamenvattingIn this thesis will be argued that the relationship between executive compensation and firm performance is dependent on the type of industry, the percentage of company shares that are being held by the CEO and the size of the firm. Using a sample of 40 companies from the oil- and gas industry and retail groceries, multiple linear regression analysis is used in order to confirm whether these relationships exist and to what extent.
Empirical evidence shows that CEO’s in large firms are being paid a higher fixed salary as well as a higher bonus amount for each additional unit of performance. Across different industries, the fixed salary is approximately equal although the bonus amount per additional unit of performance varies significantly. For a given performance, CEOs that own a higher percentage of company shares tend to earn lower bonus amounts than CEOs that own fewer shares.
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