DIRECTORS REMUNERATION AND COMPANIES' PERFORMANCE THE COMPARISON OF LISTED COMPANIES IN POLAND AND UK

被引：5
作者：
Herdan, Agnieszka [1 ]
Szczepanska, Katarzyna [2 ]
机构：
[1] Univ Greenwich, Accounting & Finance Dept, Pk Row, London SE10 9LS, England
[2] Warsaw Univ Technol, Fac Management, Warsaw, Poland
来源：
FOUNDATIONS OF MANAGEMENT | 2011年 / 3卷 / 02期
关键词：
corporate governance; companies' performance; director's remuneration; agency cost; CEO compensation;
D O I：
10.2478/v10238-012-0041-8
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
This paper examines the determinants of CEO compensation. There are many factors that influence CEO compensation. For this research three factors has been selected: companies size, accounting factor and market factor. The study looks at the relationship between each of this factors and directors remuneration. Sample of companies listed on London Stock Exchange (LSE) and Warsaw Stock Exchange (WSE) has been investigated over the period of 2007 - 2010. Data has been collected through annual reports content analysis and announcement on websites of LSE and WSE. Linear regression has been run on collected data. Positive correlation has been found between directors' remuneration and companies' size in both British and Polish listed companies. The relationship is also positive between directors pay and companies performance. Companies' performance has been assets by return on equity ratio (ROE) and Tobin's Q. All the findings are consistent with the outcome presented within previous research by variety of scholars.
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收藏
页码：41 / 54
页数：14
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