Media coverage, board structure and CEO compensation: Evidence from Taiwan

被引：13
|
作者：
Chen, Chia-Wei [1 ]
Yi, Bingsheng [2 ]
Lin, Barry [3 ]
机构：
[1] Tunghai Univ, Taichung, Taiwan
[2] Calif State Univ Dominguez Hills, Carson, CA USA
[3] Simmons Coll, Sch Management, Boston, MA 02115 USA
来源：
JOURNAL OF MULTINATIONAL FINANCIAL MANAGEMENT | 2013年 / 23卷 / 05期
关键词：
CEO compensation; Media coverage; Board; Corporate governance;
D O I：
10.1016/j.mulfin.2013.08.003
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper investigates the relationship between CEO cash compensation and media coverage of firms, analyst forecasts and board structure using data from the Taiwan Stock Exchange. We find that, other things being equal, CEO cash compensation is much higher for firms with greater media coverage, firms with more positive news, firms with more analyst forecasts, and firms with larger institutional holdings. There is little evidence that board size and board independence affect CEO cash compensation, and CEO duality is negatively associated with CEO cash compensation (C) 2013 Elsevier B.V. All rights reserved.
引用
收藏
页码：434 / 445
页数：12
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