Rezaul Kabir
Compensation consultants and CEO pay
Kabir, Rezaul; Minhat, Marizah
Authors
Marizah Minhat
Abstract
The study examines the practice of employing multiple compensation consultants. Examining data of a sample of UK companies over the period 2003–2006 we find that CEOs receive higher equity-based pay when firms employ more than one compensation consultant. An increase in the number of compensation consultants is also associated with an increase in CEO equity-based pay, whereas no decline in CEO pay takes place when firms reduce the number of pay consultants. We also observe that the market shares of compensation consultant are positively related to CEO equity-based pay
Citation
Kabir, R., & Minhat, M. (2014). Compensation consultants and CEO pay. Research in International Business and Finance, 32, 172-189. https://doi.org/10.1016/j.ribaf.2014.05.003
| Journal Article Type | Article |
|---|---|
| Acceptance Date | May 20, 2014 |
| Publication Date | May 5, 2014 |
| Deposit Date | Aug 25, 2014 |
| Print ISSN | 0275-5319 |
| Publisher | Elsevier |
| Peer Reviewed | Peer Reviewed |
| Volume | 32 |
| Pages | 172-189 |
| DOI | https://doi.org/10.1016/j.ribaf.2014.05.003 |
| Keywords | Executive compensation; CEO pay; Compensation consultant; Corporate governance; |
| Public URL | http://researchrepository.napier.ac.uk/id/eprint/7023 |
| Publisher URL | http://dx.doi.org/10.1016/j.ribaf.2014.05.003 |