Influence of say-on-pay as a corporate governance mechanism in Spanish listed firms

被引：0
|
作者：
Lozano-Reina, Gabriel [1 ]
Sanchez-Marin, Gregorio [1 ]
Samuel Baixauli Soler, J. [1 ]
机构：
[1] Univ Murcia, Murcia, Spain
来源：
UCJC BUSINESS AND SOCIETY REVIEW | 2019年 / 64期
关键词：
Say-on-Pay; Executive compensation; Shareholder activism; Corporate Governance; Spanish listed firms; EXECUTIVE-COMPENSATION; SHAREHOLDERS; OWNERSHIP; DIRECTORS; VOTES;
D O I：
10.3232/UBR.2019.V16.N4.02
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Say-on-Pay (SOP) is considered a corporate governance mechanism which allows shareholders to vote on executive compensation in listed firms. Using a sample of 113 Spanish firms from 2011 to 2018, this paper analyzes the main effects of SOP on executive compensation by considering different vote typologies. The paper then empirically examines how implementing SOP affects executive compensation design.
引用
收藏
页码：68 / 131
页数：64
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