Corporate governance reforms and executive compensation determination: Evidence from the UK

被引：18
|
作者：
Girma, Sourafel [1 ]
Thompson, Steve
Wright, Peter W.
机构：
[1] Univ Nottingham, Sch Business, Nottingham NG7 2RD, England
[2] Univ Nottingham, Sch Econ, Nottingham NG7 2RD, England
来源：
MANCHESTER SCHOOL | 2007年 / 75卷 / 01期
关键词：
D O I：
10.1111/j.1467-9957.2007.01003.x
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper examines the effect that the 'Cadbury reforms' have had on the pay determination process of executives in the UK. Our results suggest that, on average, the impact has been disappointing. The relationship between pay and performance remains weak and the link to firm size has, if anything, been strengthened. However, our results suggest considerable heterogeneity in the impact of the reforms, and for those firms above median employment the link between pay and profits appears to have been reinforced.
引用
收藏
页码：65 / 81
页数：17
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