The use of non-financial performance metrics in determining directors' remuneration: The case of listed companies in South Africa

被引：1
|
作者：
Matemane, Reon [1 ]
Moloi, Tankiso [2 ]
Adelowotan, Michael [3 ]
Biswas, Pallab Kumar [4 ]
机构：
[1] Univ Pretoria, Dept Financial Management, Pretoria, South Africa
[2] Milpark Business Sch, Johannesburg, South Africa
[3] Univ Johannesburg, Dept Accountancy, Johannesburg, South Africa
[4] Univ Otago, Dept Accountancy & Finance, Dunedin, New Zealand
来源：
AFRICAN JOURNAL OF BUSINESS ETHICS | 2023年 / 17卷 / 01期
基金：
新加坡国家研究基金会;
关键词：
ESG; executive compensa-tion; financial metrics; Johannesburg Stock Exchange; non-financial metrics; South Africa; EXECUTIVE-COMPENSATION; CORPORATE GOVERNANCE; CEO PAY; FIRM PERFORMANCE; CONSEQUENCES; STAKEHOLDERS; OWNERSHIP; CRISIS;
D O I：
10.15249/17-1-301
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Despite the increasing importance of environmental, social and governance (ESG) factors, it is not fully understood whether companies consider these factors when designing compensation plans for their directors. This study investigated the extent to which directors' remuneration integrates ESG factors. The study sample is made up of JSE-listed companies for the period 2015 to 2021. The estimated generalised least squares regression technique was used to analyse the data. The results show the shift towards the integration of ESG factors in directors' compensation plans. It should be established which ESG factors are pertinent in the South African context.
引用
收藏
页码：22 / 44
页数：23
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