Corporate governance and CEO pay: Evidence from UK Travel and Leisure listed firms

被引：34

作者：

Al -Najjar, Basil ^{[1
]}

机构：

[1] Univ London, Sch Business Econ & Informat, Dept Management, Accounting Finance Grp, London WC1E 7HX, England

来源：

TOURISM MANAGEMENT | 2017年 / 60卷

关键词：

CEO compensation; Board characteristics; CEO characteristics; Travel and leisure firms; STOCK OPTION AWARDS; EXECUTIVE-COMPENSATION; TOURISM FIRMS; PERFORMANCE; INCENTIVES; INDUSTRY;

D O I：

10.1016/j.tourman.2016.11.005

中图分类号：

X [环境科学、安全科学];

学科分类号：

08 ; 0830 ;

摘要：

This paper investigates from the UK context, the impact of board and CEO characteristics on CEO compensation in Travel and Leisure firms. Namely we employ, board size, board independence and board meetings to reflect board characteristics. We also include two CEO features, CEO tenure and CEO age into our models. Using panel data analysis, the findings in this paper indicate that board size, board independence and CEO age are important factors affecting CEO pay. In addition, we report a positive nonlinear relationship between CEO tenure and firm performance. Hence, using Travel and Leisure listed firms; we provide new evidence of the relationship between corporate governance and CEO compensation. (C) 2016 Elsevier Ltd. All rights reserved.

引用

页码：9 / 14

页数：6

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